Acko has roped in ex-Junglee Games executive Apoorv Kalra to lead the auto business, while ex-Meta executive Kunal Kapur has been appointed as head of its health vertical.
The insurtech major also announced the appointment of Vivek Sharma as the head of Acko Drive Ecosystem, while Neha Gupta will lead the “assisted experience” vertical
The appointments come as Acko is looking to file its DRHP with the SEBI via the confidential pre-filing route by H2 2026, eyeing a valuation of $2 Bn to $2.5 Bn via its IPO
IPO-bound insurtech unicorn Acko
has announced a slew of new appointments to its top brass. The startup has roped in former Junglee Games executive Apoorv Kalra to lead its auto business, while ex-Meta executive Kunal Kapur has been appointed as head of its health vertical.
The insurtech major also announced the appointment of Vivek Sharma (cofounder of now-defunct car servicing platform Fixcraft) as the head of Acko Drive Ecosystem, where he will oversee car buying and servicing businesses. Acko Drive is the startup’s auto marketplace arm.
Meanwhile, Acko has also roped in former Zepto executive Neha Gupta to lead the “assisted experience” vertical. As per the startup, she will be responsible for building a tech-enabled customer experience engine across pre- and post-sales journeys.
In a statement, Acko said the appointments will enable it to strengthen its leadership team, build a more execution-driven organisation and scale sustainably.
The appointments come more than a month after the insurtech unicorn laid off nearly 5% of its workforce, or around 60 employees, in a restructuring exercise, citing AI-led automation.
Acko is bolstering its top leadership at a time when it is gearing up to list on the bourses. Last month, Inc42 reported that Acko roped in ICICI Securities, Morgan Stanley, and Kotak Securities as bankers to helm its upcoming IPO.
The startup is looking to file the DRHP via the confidential route in the second half of 2026 and is eyeing a listing in the first half of 2027. The public issue, which will target a total valuation of $2-2.5 Bn, is expected to comprise a fresh issue of shares and an offer-for-sale (OFS) component.
Founded in 2016 by Varun Dua and Ruchi Deepak, Acko sells automobile, health, and travel insurance on its platform. The startup forayed into the life insurance space in 2024. It entered the unicorn club in 2021 after raising $255 Mn in its Series D round led by General Atlantic and Multiples Private Equity Fund.
On the financial front, Acko recorded a 34.7% YoY jump in its operating revenue to ₹2,836.8 Cr in FY25 as against ₹2,106.3 Cr in the previous fiscal year. It also managed to trim its consolidated net loss by 36.7% to ₹424.4 Cr during the fiscal under review from ₹669.9 Cr in FY24.
Source: Inc42 - Startups
