We have received final license within a year of filing the application, said Varun Dua CEO designate Acko General Insurance.

The transaction, which gives Unilazer Ventures a 55% stake in the company, comes as Screwvala steps back from making fresh bets and instead...

The latest round of equity financing values Coverfox between $70 million and $100 million, according to one of the sources cited earlier.

Acko is one of the four applications filed with the Insurance Regulatory and Development Authority to set up general insurance company

“We are currently reasonably well funded, but will start the fresh fundraise process in the next few months,” said Varun Dua.

The new round comes around six months after the startup raised its initial funding round from SAIF Partners and Accel India, who also parti...