{"id":14104,"date":"2025-05-26T16:06:41","date_gmt":"2025-05-26T10:36:41","guid":{"rendered":"https:\/\/blog.bosswallah.ai\/?p=14104"},"modified":"2025-09-10T13:09:38","modified_gmt":"2025-09-10T07:39:38","slug":"acko-founder","status":"publish","type":"post","link":"https:\/\/bosswallah.ai\/blog\/motivation\/acko-founder\/","title":{"rendered":"The Acko Founder Story: How Varun Dua Built India&#8217;s First Digital Insurer"},"content":{"rendered":"\n<div class=\"wp-block-yoast-seo-table-of-contents yoast-table-of-contents\"><h2>Table of contents<\/h2><ul><li><a href=\"#h-who-is-varun-dua\" data-level=\"2\">Who is Varun Dua?<\/a><\/li><li><a href=\"#h-acko-the-vision-behind-the-brand\" data-level=\"2\">Acko: The Vision Behind the Brand<\/a><\/li><li><a href=\"#h-early-life-and-career-of-acko-founder\" data-level=\"2\">Early Life and Career of Acko Founder<\/a><\/li><li><a href=\"#h-startup-journey-before-acko\" data-level=\"2\">Startup Journey: Before Acko<\/a><\/li><li><a href=\"#h-challenges-varun-faced-while-building-acko\" data-level=\"2\">Challenges Varun Faced While Building Acko<\/a><\/li><li><a href=\"#h-funding-and-investor-confidence\" data-level=\"2\">Funding and Investor Confidence<\/a><\/li><li><a href=\"#h-key-decisions-that-fueled-acko-growth\" data-level=\"2\">Key Decisions That Fueled Acko Growth<\/a><\/li><li><a href=\"#h-innovative-strategies-that-set-acko-apart\" data-level=\"2\">Innovative Strategies That Set Acko Apart<\/a><\/li><li><a href=\"#h-leadership-style-of-varun-dua\" data-level=\"2\">Leadership Style of Varun Dua<\/a><\/li><li><a href=\"#h-acko-s-market-impact-and-legacy\" data-level=\"2\">Acko&#8217;s Market Impact and Legacy<\/a><\/li><li><a href=\"#h-conclusion\" data-level=\"2\">Conclusion<\/a><\/li><li><a href=\"#h-faqs\" data-level=\"2\">FAQs<\/a><\/li><\/ul><\/div>\n\n\n\n<p>In a world where traditional insurance seemed slow and outdated, one man saw a future powered by speed, technology, and customer-first solutions. <strong>Varun Dua<\/strong>, the founder of <strong>Acko<\/strong>, India\u2019s first fully digital insurance company, turned a bold vision into a billion-dollar reality. This is not just a startup story\u2014it\u2019s a journey of innovation, resilience, and disruption in India\u2019s conservative insurance sector.<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-text-color has-link-color wp-elements-29c77c2918a66f56c6f875a34c3190ff\" id=\"h-who-is-varun-dua\" style=\"color:#f15f22\"><strong>Who is Varun Dua?<\/strong><\/h2>\n\n\n\n<figure class=\"wp-block-image size-full is-resized\"><img data-recalc-dims=\"1\" fetchpriority=\"high\" decoding=\"async\" width=\"650\" height=\"250\" src=\"https:\/\/i0.wp.com\/blog.bosswallah.ai\/wp-content\/uploads\/2025\/05\/Acko-Founder-1-1.png?resize=650%2C250&#038;ssl=1\" alt=\"\" class=\"wp-image-14111\" style=\"width:840px;height:auto\" srcset=\"https:\/\/i0.wp.com\/bosswallah.ai\/blog\/wp-content\/uploads\/2025\/05\/Acko-Founder-1-1.png?w=650&amp;ssl=1 650w, https:\/\/i0.wp.com\/bosswallah.ai\/blog\/wp-content\/uploads\/2025\/05\/Acko-Founder-1-1.png?resize=300%2C115&amp;ssl=1 300w, https:\/\/i0.wp.com\/bosswallah.ai\/blog\/wp-content\/uploads\/2025\/05\/Acko-Founder-1-1.png?resize=585%2C225&amp;ssl=1 585w, https:\/\/i0.wp.com\/bosswallah.ai\/blog\/wp-content\/uploads\/2025\/05\/Acko-Founder-1-1.png?resize=150%2C58&amp;ssl=1 150w\" sizes=\"(max-width: 650px) 100vw, 650px\" \/><\/figure>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Varun Dua is a first-generation entrepreneur from India.<\/li>\n\n\n\n<li>He holds an MBA from <strong>MICA (Mudra Institute of Communications, Ahmedabad)<\/strong>.<\/li>\n\n\n\n<li>He has over <strong>15 years of experience<\/strong> in marketing, insurance, and technology.<\/li>\n\n\n\n<li>Known for creating customer-friendly solutions in an industry where paperwork and delays were the norm.<\/li>\n<\/ul>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\ud83d\udca1 <strong>Key Highlight<\/strong>: Before founding Acko, he co-founded <strong>Coverfox<\/strong>, an online insurance aggregator platform.<\/p>\n<\/blockquote>\n\n\n\n<h2 class=\"wp-block-heading has-text-color has-link-color wp-elements-56bef3579e1d603720fe681137375c41\" id=\"h-acko-the-vision-behind-the-brand\" style=\"color:#f15f22\"><strong>Acko: The Vision Behind the Brand<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Founded in 2016<\/strong>, Acko Insurance became India\u2019s first digital-only insurer.<\/li>\n\n\n\n<li>The aim? To make insurance <strong>simple, fast, and paperless<\/strong> for everyone.<\/li>\n\n\n\n<li>Acko received an <strong>IRDAI license<\/strong> in 2017 and launched its services officially in <strong>2018<\/strong>.<\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-table\"><div class=\"pcrstb-wrap\"><table class=\"has-fixed-layout\"><thead><tr><th><strong>Aspect<\/strong><\/th><th><strong>Details<\/strong><\/th><\/tr><\/thead><tbody><tr><td>Founder<\/td><td>Varun Dua<\/td><\/tr><tr><td>Founded<\/td><td>2016<\/td><\/tr><tr><td>Headquartered<\/td><td><strong><a href=\"https:\/\/blog.bosswallah.ai\/small-business-ideas-in-mumbai\/\" target=\"_blank\" rel=\"noreferrer noopener\">Mumbai<\/a><\/strong>, India<\/td><\/tr><tr><td>Focus<\/td><td>Auto, health, and travel insurance<\/td><\/tr><tr><td>Employees (2024)<\/td><td>900+<\/td><\/tr><tr><td>Funding Raised<\/td><td>Over <strong>$450 million<\/strong><\/td><\/tr><tr><td>Valuation (2024)<\/td><td><strong>$1.1 billion (Unicorn status)<\/strong><\/td><\/tr><\/tbody><\/table><\/div><\/figure>\n\n\n\n<h2 class=\"wp-block-heading has-text-color has-link-color wp-elements-254950b593a8192cf262abc285e94974\" id=\"h-early-life-and-career-of-acko-founder\" style=\"color:#f15f22\"><strong>Early Life and Career of Acko Founder<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Started as a <strong>branding consultant<\/strong>.<\/li>\n\n\n\n<li>Entered the insurance industry with a deep interest in solving <strong>customer pain points<\/strong>.<\/li>\n\n\n\n<li>Worked with <strong>Franklin Templeton<\/strong> and <strong>Tata AIG<\/strong> before moving to startups.<\/li>\n\n\n\n<li>Gained deep insights on how <strong>traditional insurance models<\/strong> worked\u2014and where they failed.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading has-text-color has-link-color wp-elements-5a2234a1468e5430b6cbe64ab7876820\" id=\"h-startup-journey-before-acko\" style=\"color:#f15f22\"><strong>Startup Journey: Before Acko<\/strong><\/h2>\n\n\n\n<p>Varun Dua\u2019s startup career didn\u2019t begin with Acko.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong><a href=\"https:\/\/www.coverfox.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">Coverfox <\/a>(2013):<\/strong> A policy comparison site, co-founded by Varun.\n<ul class=\"wp-block-list\">\n<li>This gave him access to real user data and insurance industry gaps.<\/li>\n\n\n\n<li>Realised most customers <strong>found insurance confusing<\/strong> and <strong>time-consuming<\/strong>.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<p>This laid the foundation for Acko\u2014<strong>a direct, user-first insurance platform<\/strong> with no agents or paperwork.<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-text-color has-link-color wp-elements-9f0347a535e08f3f5c8a659a06961f39\" id=\"h-challenges-varun-faced-while-building-acko\" style=\"color:#f15f22\"><strong>Challenges Varun Faced While Building Acko<\/strong><\/h2>\n\n\n\n<figure class=\"wp-block-image size-full is-resized\"><img data-recalc-dims=\"1\" decoding=\"async\" width=\"650\" height=\"250\" src=\"https:\/\/i0.wp.com\/blog.bosswallah.ai\/wp-content\/uploads\/2025\/05\/Acko-Founder-3.png?resize=650%2C250&#038;ssl=1\" alt=\"\" class=\"wp-image-14113\" style=\"width:840px;height:auto\" srcset=\"https:\/\/i0.wp.com\/bosswallah.ai\/blog\/wp-content\/uploads\/2025\/05\/Acko-Founder-3.png?w=650&amp;ssl=1 650w, https:\/\/i0.wp.com\/bosswallah.ai\/blog\/wp-content\/uploads\/2025\/05\/Acko-Founder-3.png?resize=300%2C115&amp;ssl=1 300w, https:\/\/i0.wp.com\/bosswallah.ai\/blog\/wp-content\/uploads\/2025\/05\/Acko-Founder-3.png?resize=585%2C225&amp;ssl=1 585w, https:\/\/i0.wp.com\/bosswallah.ai\/blog\/wp-content\/uploads\/2025\/05\/Acko-Founder-3.png?resize=150%2C58&amp;ssl=1 150w\" sizes=\"(max-width: 650px) 100vw, 650px\" \/><\/figure>\n\n\n\n<p>Like any disruptive idea, Acko faced <strong>tremendous resistance<\/strong>:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\ud83e\uddfe <strong>Regulatory Hurdles<\/strong>: IRDAI licensing is a long, paperwork-heavy process.<\/li>\n\n\n\n<li>\ud83e\uddcd\u200d\u2642\ufe0f <strong>Customer Trust<\/strong>: Convincing users to buy policies online without agents.<\/li>\n\n\n\n<li>\ud83d\udcb0 <strong>Capital Requirements<\/strong>: Insurance is a capital-intensive industry.<\/li>\n\n\n\n<li>\ud83d\udcc8 <strong>Competing with Giants<\/strong>: Going against ICICI Lombard, <strong><a href=\"https:\/\/blog.bosswallah.ai\/hdfc-business-loan\/\" target=\"_blank\" rel=\"noreferrer noopener\">HDFC<\/a><\/strong> Ergo, etc.<\/li>\n<\/ul>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><strong>\ud83d\udca1 Pro Tip:<\/strong>\u00a0If you want to start a\u00a0<strong><a href=\"https:\/\/blog.bosswallah.ai\/business\" target=\"_blank\" rel=\"noreferrer noopener\">Business<\/a><\/strong>\u00a0but have too many doubts, connect with a Business expert from Boss Wallah for guidance \u2013\u00a0<strong><a href=\"https:\/\/bw1.in\/1116\" target=\"_blank\" rel=\"noreferrer noopener\">Check Out<\/a><\/strong><\/p>\n<\/blockquote>\n\n\n\n<h2 class=\"wp-block-heading has-text-color has-link-color wp-elements-80592c189057b9e95fd18ebbe2d5d41f\" id=\"h-funding-and-investor-confidence\" style=\"color:#f15f22\"><strong>Funding and Investor Confidence<\/strong><\/h2>\n\n\n\n<p><strong>Investors Who Backed Acko<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Amazon<\/li>\n\n\n\n<li>Accel Partners<\/li>\n\n\n\n<li>Catamaran Ventures (Narayana Murthy\u2019s fund)<\/li>\n\n\n\n<li>SAIF Partners<\/li>\n\n\n\n<li>Elevation Capital<\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-table\"><div class=\"pcrstb-wrap\"><table class=\"has-fixed-layout\"><thead><tr><th><strong>Funding Round<\/strong><\/th><th><strong>Year<\/strong><\/th><th><strong>Amount Raised<\/strong><\/th><\/tr><\/thead><tbody><tr><td>Seed Round<\/td><td>2017<\/td><td>$30 million<\/td><\/tr><tr><td>Series C<\/td><td>2021<\/td><td>$255 million<\/td><\/tr><tr><td>Total Funding<\/td><td>&#8211;<\/td><td>Over $450 million<\/td><\/tr><\/tbody><\/table><\/div><\/figure>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><strong><a href=\"https:\/\/blog.bosswallah.ai\/fitso-founder\/\" target=\"_blank\" rel=\"noreferrer noopener\">ALSO READ | Meet Fitso Founder Trio: Story Behind India\u2019s Fitness Revolution<\/a><\/strong><\/p>\n<\/blockquote>\n\n\n\n<h2 class=\"wp-block-heading has-text-color has-link-color wp-elements-0621bc093a0c28b39087024f0805ec17\" id=\"h-key-decisions-that-fueled-acko-growth\" style=\"color:#f15f22\"><strong>Key Decisions That Fueled Acko Growth<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u2705 <strong>Direct-to-Customer Model<\/strong>: Skipped agents to reduce cost and improve speed.<\/li>\n\n\n\n<li>\u2705 <strong>Micro-insurance Products<\/strong>: Policies for cab rides (in partnership with Ola), electronics, etc.<\/li>\n\n\n\n<li>\u2705 <strong>Tech-Driven Claims<\/strong>: Fast-track claims using AI and machine learning.<\/li>\n\n\n\n<li>\u2705 <strong>Targeted Partnerships<\/strong>: Tied up with <strong>Ola, <a href=\"https:\/\/blog.bosswallah.ai\/how-to-start-selling-on-amazon-beginners-step-by-step-guide\/\" target=\"_blank\" rel=\"noreferrer noopener\">Amazon<\/a>, <a href=\"https:\/\/blog.bosswallah.ai\/zomato-founder-wife\/\" target=\"_blank\" rel=\"noreferrer noopener\">Zomato<\/a><\/strong>, and more.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading has-text-color has-link-color wp-elements-3b51c183d532c68372856f3c99bf8d53\" id=\"h-innovative-strategies-that-set-acko-apart\" style=\"color:#f15f22\"><strong>Innovative Strategies That Set Acko Apart<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\ud83d\udcf1 <strong>Mobile-first Experience<\/strong>: Simple UI, instant quotes, and zero paperwork.<\/li>\n\n\n\n<li>\ud83d\ude80 <strong>Embedded Insurance<\/strong>: Buy insurance within apps like <strong><a href=\"https:\/\/www.olacabs.com\/\">Ola<\/a><\/strong> or <strong><a href=\"https:\/\/www.googleadservices.com\/pagead\/aclk?sa=L&amp;ai=DChcSEwjT4__q9sCNAxXKo2YCHeJ0GwwYABABGgJzbQ&amp;co=1&amp;gclid=Cj0KCQjwotDBBhCQARIsAG5pinPIOWqTSsycuGe1Md0FHpIsnmfoIZnfWU_EZ2gVdPHE-2xflYSHpv0aAsw7EALw_wcB&amp;ohost=www.google.com&amp;cid=CAESV-D2j2xDU3gH4MOL7WgATocIe1pUFn-cyFh6R1GWVJiDyMce0cf1xGrHsGtTJiJtLzQjyhBOG91GEdfjaxdeDpN2yd2ob68HCWt4FunXECK2zkT-JaYR3w&amp;category=acrcp_v1_0&amp;sig=AOD64_31x8txL1JnxjXDwXhACwSvm3ZBMA&amp;q&amp;adurl&amp;ved=2ahUKEwiVlvrq9sCNAxXoUGcHHaz1DFsQ0Qx6BAgKEAE\" target=\"_blank\" rel=\"noreferrer noopener\">Amazon<\/a><\/strong>.<\/li>\n\n\n\n<li>\ud83e\udde0 <strong>Use of AI\/ML<\/strong>: For fraud detection and faster claim approvals.<\/li>\n\n\n\n<li>\ud83e\udd1d <strong>Customer-Centric Approach<\/strong>: 90% of claims are settled within <strong>3 days<\/strong>.<\/li>\n<\/ul>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u2705 <em>Acko was the first to offer \u201czero commission\u201d insurance policies in India.<\/em><\/p>\n\n\n\n<p><strong><a href=\"https:\/\/blog.bosswallah.ai\/think-school-founder\/\" target=\"_blank\" rel=\"noreferrer noopener\">ALSO READ | Meet Think School Founders: Learn Their Journey to Ed-Tech Success<\/a><\/strong><\/p>\n<\/blockquote>\n\n\n\n<h2 class=\"wp-block-heading has-text-color has-link-color wp-elements-1cc35d043168a0783eebe814a91f97f2\" id=\"h-leadership-style-of-varun-dua\" style=\"color:#f15f22\"><strong>Leadership Style of Varun Dua<\/strong><\/h2>\n\n\n\n<figure class=\"wp-block-image size-full is-resized\"><img data-recalc-dims=\"1\" decoding=\"async\" width=\"650\" height=\"250\" src=\"https:\/\/i0.wp.com\/blog.bosswallah.ai\/wp-content\/uploads\/2025\/05\/Acko-Founder.png?resize=650%2C250&#038;ssl=1\" alt=\"\" class=\"wp-image-14112\" style=\"width:840px;height:auto\" srcset=\"https:\/\/i0.wp.com\/bosswallah.ai\/blog\/wp-content\/uploads\/2025\/05\/Acko-Founder.png?w=650&amp;ssl=1 650w, https:\/\/i0.wp.com\/bosswallah.ai\/blog\/wp-content\/uploads\/2025\/05\/Acko-Founder.png?resize=300%2C115&amp;ssl=1 300w, https:\/\/i0.wp.com\/bosswallah.ai\/blog\/wp-content\/uploads\/2025\/05\/Acko-Founder.png?resize=585%2C225&amp;ssl=1 585w, https:\/\/i0.wp.com\/bosswallah.ai\/blog\/wp-content\/uploads\/2025\/05\/Acko-Founder.png?resize=150%2C58&amp;ssl=1 150w\" sizes=\"(max-width: 650px) 100vw, 650px\" \/><\/figure>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Visionary &amp; Transparent<\/strong>: Shared goals with teams clearly.<\/li>\n\n\n\n<li><strong>Empathetic Leader<\/strong>: Focused on building <strong>a customer-first culture<\/strong>.<\/li>\n\n\n\n<li><strong>Data-Driven Decision Maker<\/strong>: Believes in solving real problems using user behaviour data.<\/li>\n\n\n\n<li><strong>Collaborative Approach<\/strong>: Built a high-trust, agile team environment.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading has-text-color has-link-color wp-elements-86683b1e3e212f6dd70c7fc1935b7a18\" id=\"h-acko-s-market-impact-and-legacy\" style=\"color:#f15f22\"><strong>Acko&#8217;s Market Impact and Legacy<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Served 75+ million users<\/strong> by 2024.<\/li>\n\n\n\n<li>Became a <strong>market leader in embedded and bite-sized insurance<\/strong>.<\/li>\n\n\n\n<li>Brought down the <strong>cost of acquisition and operations<\/strong> by over 40% vs traditional insurers.<\/li>\n\n\n\n<li>Introduced <strong>innovative insurance plans<\/strong> tailored for Gen Z and millennials.<\/li>\n\n\n\n<li><strong>Paved the way<\/strong> for other insurtech <strong><a href=\"https:\/\/blog.bosswallah.ai\/what-is-startup-india\/\" target=\"_blank\" rel=\"noreferrer noopener\">startups <\/a><\/strong>in India.<\/li>\n<\/ul>\n\n\n\n<p class=\"has-text-color has-link-color has-large-font-size wp-elements-ba6f2952147846d6d045f4b34ccf8d68\" style=\"color:#f15f22\"><strong>Need Expert Guidance?<\/strong><\/p>\n\n\n\n<p>Starting a business can be challenging, but you don\u2019t have to do it alone! At Boss Wallah, our 2,000+ business experts are ready to provide valuable insights and guidance. Whether you need help with marketing, finance, sourcing, or any other area of any business,&nbsp;<strong><a href=\"https:\/\/bw1.in\/1116\" target=\"_blank\" rel=\"noreferrer noopener\">our business experts are here to help you succeed<\/a><\/strong><\/p>\n\n\n\n<p><strong>Confused about Which Business to Start?<\/strong><br>Want to start your own business but unsure which one to choose? Explore Boss Wallah, where you\u2019ll find 500+ courses by successful business owners, featuring practical, step-by-step guides on starting and growing various businesses.<br><strong><a href=\"https:\/\/bw1.in\/1111\" target=\"_blank\" rel=\"noreferrer noopener\">Find your perfect business idea today<\/a><\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading has-text-color has-link-color wp-elements-163d2aabad3f8484931a5f2db8035970\" id=\"h-conclusion\" style=\"color:#f15f22\"><strong>Conclusion<\/strong><\/h2>\n\n\n\n<p>Varun Dua\u2019s story as the <strong><a href=\"https:\/\/www.googleadservices.com\/pagead\/aclk?sa=L&amp;ai=DChcSEwi26Pyi8sCNAxWG4RYFHdd7Pe8YABAEGgJ0bA&amp;co=1&amp;gclid=Cj0KCQjwotDBBhCQARIsAG5pinOGOBYggSbgR2ujxctO5bu-PRdCQYJ6xgcpcZw7O6ZWDKEH6uOEayUaAmSJEALw_wcB&amp;ohost=www.google.com&amp;cid=CAESV-D20P_NrKx1KXTykmX6q032oRLDebKElfsqvHX_aDkRSXtehae97_aTIEZdCqG-A3KU8KBeP-jDxDqtPcoOEmvLWo6awieaD1NACAaXF1QIKJ1aNP-BuQ&amp;category=acrcp_v1_0&amp;sig=AOD64_0P6iLfmVApRyTa1Sh6lZPpQZFjhQ&amp;q&amp;adurl&amp;ved=2ahUKEwiC7_ai8sCNAxUDhq8BHSTJGkQQ0Qx6BAgJEAE\" target=\"_blank\" rel=\"noreferrer noopener\">Acko<\/a> founder<\/strong> is more than just a tale of business success\u2014it\u2019s a blueprint for how <strong>vision, technology, and courage<\/strong> can reshape even the most rigid industries. From facing regulatory challenges to winning customer trust, his journey reflects the <strong>power of disruption and leadership<\/strong> in driving real change.<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-text-color has-link-color wp-elements-f57ae3d6bb7ebae76cff6ba2bd2aef84\" id=\"h-faqs\" style=\"color:#f15f22\"><strong>FAQs<\/strong><\/h2>\n\n\n\n<p><strong>1. Who is the founder of Acko?<\/strong><br>Varun Dua.<\/p>\n\n\n\n<p><strong>2. When was Acko founded?<\/strong><br>In 2016.<\/p>\n\n\n\n<p><strong>3. What is Varun Dua&#8217;s educational background?<\/strong><br>He holds an MBA from MICA, Ahmedabad.<\/p>\n\n\n\n<p><strong>4. What was Varun Dua\u2019s first startup?<\/strong><br>Coverfox, an insurance aggregator.<\/p>\n\n\n\n<p><strong>5. What makes Acko different from other insurers?<\/strong><br>It\u2019s 100% digital, has no agents, and offers paperless policies.<\/p>\n\n\n\n<p><strong>6. How much funding has Acko raised?<\/strong><br>Over $450 million.<\/p>\n\n\n\n<p><strong>7. Is Acko a profitable company?<\/strong><br>It is focused on growth, and profitability is expected as it scales further.<\/p>\n\n\n\n<p><strong>8. What are Acko&#8217;s main insurance offerings?<\/strong><br>Auto, health, electronics, and travel.<\/p>\n\n\n\n<p><strong>9. Who are Acko&#8217;s key investors?<\/strong><br>Amazon, Accel, Catamaran Ventures, and Elevation Capital.<\/p>\n\n\n\n<p><strong>10. How fast does Acko settle claims?<\/strong><br>Most claims are settled within 3 days.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Discover how Varun Dua, the Acko founder, built India\u2019s first digital insurer. Learn about his journey, challenges, strategies, and legacy<\/p>\n","protected":false},"author":25,"featured_media":14107,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1172],"tags":[897,289,543,859],"class_list":["post-14104","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-motivation","tag-boss-wallah","tag-business","tag-entrepreneurship","tag-india"],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/bosswallah.ai\/blog\/wp-content\/uploads\/2025\/05\/Acko-Founder-bg.png?fit=1280%2C720&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/pgRBPN-3Fu","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/bosswallah.ai\/blog\/wp-json\/wp\/v2\/posts\/14104","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bosswallah.ai\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bosswallah.ai\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bosswallah.ai\/blog\/wp-json\/wp\/v2\/users\/25"}],"replies":[{"embeddable":true,"href":"https:\/\/bosswallah.ai\/blog\/wp-json\/wp\/v2\/comments?post=14104"}],"version-history":[{"count":1,"href":"https:\/\/bosswallah.ai\/blog\/wp-json\/wp\/v2\/posts\/14104\/revisions"}],"predecessor-version":[{"id":14128,"href":"https:\/\/bosswallah.ai\/blog\/wp-json\/wp\/v2\/posts\/14104\/revisions\/14128"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bosswallah.ai\/blog\/wp-json\/wp\/v2\/media\/14107"}],"wp:attachment":[{"href":"https:\/\/bosswallah.ai\/blog\/wp-json\/wp\/v2\/media?parent=14104"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bosswallah.ai\/blog\/wp-json\/wp\/v2\/categories?post=14104"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bosswallah.ai\/blog\/wp-json\/wp\/v2\/tags?post=14104"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}