Amazon-backed Acko nears $120 million in new funding

Indian insurtech Acko is in late-stage discussions to secure $120 million in a funding round at a time when weak global market conditions have subdued large financing deliberations in the South Asian market.
General Atlantic is in talks to lead a $120 million round into Acko, the first tranche of which is about $100 million, a source familiar with the matter said. The round values the Indian startup at $1.5 billion, the source said, requesting anonymity as the matter is private. The round could close within weeks but there’s still possibility that terms of the deal may slightly change, t

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