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Amazon invests in Indian insurtech startup Acko

Online retail giant Amazon.com Inc. led the latest funding round for India-based insurance technology startup Acko, Business Insider India reported.

Acko gathered 809 million rupees in the funding round that brought in Ashish Dhawan, founder of private equity firm ChrysCap, as a new investor.

As of May 28, US$1 was equivalent to 67.43 Indian rupees.