Digital insurance provider Acko raises $16 million from Ascent Capital
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Digital insurance provider Acko has raised $16 million from private equity firm Ascent Capital, which is the second investment for Mumbai-based startup in 2019. Flipkart founder Binny Bansal and ex-SoftBank managing partner Kabir Mishra-led RPS investment fund had led $65 million in March. Acko applies data and analytics to provide highly personalised direct-to-consumer automotive insurance products.