Acko Strengthens Leadership with Key Appointments Ahead of IPO

Acko, the insurtech unicorn preparing for its Initial Public Offering (IPO), has announced a significant reshuffling of its top management with the appointment of four new vertical heads. These strategic hires aim to strengthen the company’s leadership team and enhance its execution capabilities as it gears up for public market debut.

Among the new appointees is Apoorv Kalra, formerly of Junglee Games, who will now lead Acko’s auto business. Kunal Kapur, an ex-Meta executive, has been brought on board to head the health vertical. Additionally, Vivek Sharma, co-founder of the defunct car servicing platform Fixcraft, has been appointed as the head of Acko Drive Ecosystem, overseeing the company’s car buying and servicing operations. Neha Gupta, previously with Zepto, will lead the ‘assisted experience’ vertical, focusing on building a tech-enabled customer experience engine.

These appointments come shortly after Acko reportedly laid off approximately 5% of its workforce, around 60 employees, as part of a restructuring exercise attributed to AI-led automation. The company is positioning itself for a potential IPO, having recently engaged ICICI Securities, Morgan Stanley, and Kotak Securities as bankers. Acko aims to file its Draft Red Herring Prospectus (DRHP) confidentially in the latter half of 2026, with a target listing in the first half of 2027. The IPO is expected to value the company between $2 billion and $2.5 billion, comprising both a fresh issue of shares and an offer-for-sale component.

Founded in 2016 by Varun Dua and Ruchi Deepak, Acko offers automobile, health, and travel insurance. The company expanded into life insurance in 2024 and achieved unicorn status in 2021 after a $255 million Series D funding round led by General Atlantic and Multiples Private Equity Fund. In the fiscal year 2025, Acko reported a 34.7% year-over-year increase in operating revenue to ₹2,836.8 crore, while its consolidated net loss narrowed by 36.7% to ₹424.4 crore.