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Indian insurtech startup Acko raises US$65M

India-based online insurance startup Acko General Insurance Ltd. raised US$65 million from Flipkart co-founder Binny Bansal, RPS Ventures Inc. and Intact Ventures Inc. in a series C financing round.

Amazon.com Inc., Accel Partners, SAIF and TechPro Ventures also participated in the funding round. To date, Acko General Insurance has raised US$107 million of funds in total.

Avendus Capital advised Acko on the fundraising.