Another Indian startup Acko has become a unicorn company.
Acko is a general insurance startup.
For the knowledge of our readers, unicorn startups are those startups that have a valuation above $1 billion.
The insurance startup Acko has become a unicorn company by raising $255Mn in the funding round led by Generals Atlantic and Multiples Private Equity.
CPPIB, Lightspeed Growth, Intact Ventures and Munich Re Ventures also participated in the funding round.
The startup has raised funding at the valuation of $1.1 billion.
Acko is the 34th company to attain unicorn status in India.