Amazon caused quite a stir last October when the e-commerce goliath was reported to be snapping up London-based insurance professionals for what was described as a market disruptor in Europe. While we haven’t heard much on that front since, now the online retailer is making waves in Asia – leading a multi-million funding round for an Indian digital insurer.
Mumbai-based Acko General Insurance, whose model is said to be based on the likes of British insurer Direct Line, has received a major boost after its parent company Acko Technologies secured a $12 million investment led by Amazon, as well as private equity firm ChrysCap founder Ashish Dhawan.
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