Acko was founded in late 2016 by Varun Dua, one of the co-founders of insurance comparison site Coverfox.

India-based digital insurer Acko has raised $12m in a round led by e-commerce and internet company Amazon, with participation from Catamaran Ventures and private investor Ashish Dhawan.

Founded in 2016, Acko operates a digital-only insurance plaform. Two months ago, Acko also launched a passenger insurance product for ride hailing service Ola, which provides cover to drivers for minor accidents and passengers missing flights due to traffic delays.

The company was founded by Varun Dua, who previously also co-founded insurance comparison website…