Amazon goes shopping in Indian insurance

The US retailer is backing a small digital firm as more consumers shop online for policies.

Amazon goes shopping in Indian insurance

A small Indian online insurance company called Acko said it had received a new round of investment of $12 million led by US retailer Amazon, in an email to FinanceAsia on Monday.

The founder of private equity fund ChrysCapital, Ashish Dhawan, also made an investment. An existing investor, Catamaran Ventures, topped up its holding.

The latest infusion takes Acko’s total equity funding to nearly $42 million.

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