GA-backed Acko said it would seek banks for a $350 million IPO in India

Indian digital insurer Acko Technology & Services Pvt. has invited pitches from investment banks for a potential initial public offering to raise as much as $350 million, according to people familiar with the matter.The initial public offering, which may include a mix of primary shares and secondary sales by existing investors, is likely to take place in the second half of the year, said the people, who asked not to be identified because the information is private.

Acko is expected to appoint advisers in the coming weeks, they said. Deliberations are ongoing and the terms of the potential offer may still change.

A company representative did not immediately respond to a request for comment.

Acko, whose companies include General Atlantic Service Co., Canada Pension Plan Investment Board and Accel Capital, offers online auto, health and travel insurance with features such as zero paperwork, instant renewals and same-day claims settlement, according to its website.

The planned IPO will add to a growing list of offerings in India as companies rush to raise funds in a market that is seeing rising mutual fund inflows.

India was among the world’s busiest IPO markets in 2025, with companies raising about 1.95 trillion rupees ($21.6 billion), surpassing last year’s record of 1.73 trillion rupees, data compiled by Bloomberg showed.