Digital-first insurer ACKO has expanded its senior leadership team with four new appointments across its auto, health, assisted experience and mobility ecosystem businesses. The move comes as the Bengaluru-based insurtech company prepares for its proposed initial public offering and works to sharpen execution across key operating verticals. The leadership changes signal a broader effort to align product, business strategy and customer experience more closely as the company moves into its next phase of growth.
ACKO Adds New Leaders Across Core Verticals
Apoorv Kalra, formerly Chief Product Officer at Junglee Games, has been appointed to lead ACKO’s auto business. Kunal Kapur, who previously worked with Meta, will head the company’s health insurance vertical. Vivek Sharma, founder of Fixcraft, has been named head of the ACKO Drive Ecosystem, while former Zepto executive Neha Gupta will lead the company’s assisted experience function.
The appointments place experienced operators in charge of business areas that are central to ACKO’s digital insurance and mobility strategy. ACKO Drive, the company’s auto marketplace arm, is expected to focus on car buying and servicing-related opportunities under Sharma’s leadership. Gupta’s role will involve building a technology-enabled support engine designed to improve customer engagement before and after sales.
Organisational Realignment Ahead of IPO
ACKO said the leadership reshuffle is intended to bring product development, pricing, operations, business planning and customer service under clearer ownership. The company is looking to reduce organisational gaps between decision-making teams and customer-facing functions. This structure is aimed at helping the insurer move faster, strengthen accountability and improve outcomes for policyholders and platform users.
The company’s Chief People Officer, Satheesh KV, said the new executives bring operational depth and judgment that can support faster decisions, stronger products and better service delivery. The changes also reflect ACKO’s attempt to build a more integrated operating model as it scales. For a digital insurer competing in motor, health, travel and life insurance, tighter coordination across business units is becoming increasingly important.
IPO Plans Gather Momentum
The leadership expansion comes as ACKO prepares for a public market listing. The company has reportedly appointed ICICI Securities, Morgan Stanley and Kotak Securities as book-running lead managers for its proposed IPO. It is expected to file draft papers with the Securities and Exchange Board of India in the coming months, with reports indicating that it may use the confidential pre-filing route.
ACKO is said to be targeting a valuation in the range of $2 billion to $2.5 billion through the offering. The public issue is expected to include a fresh share sale as well as an offer-for-sale component. Reports suggest the company could look to file its draft red herring prospectus in the second half of 2026 and pursue a listing in the first half of 2027.
Business Context and Financial Performance
Founded in 2016 by Varun Dua and Ruchi Deepak, ACKO operates as a direct-to-consumer insurer offering products through digital channels. The company is known for motor, health and travel insurance and entered the life insurance segment in 2024. It became a unicorn in 2021 after raising $255 million in a Series D funding round led by General Atlantic and Multiples Private Equity Fund.
The company’s operating revenue rose 34.7 percent year-on-year to ₹2,836.8 crore in FY25 from ₹2,106.3 crore in FY24. Its consolidated net loss narrowed 36.7 percent to ₹424.4 crore during the same period from ₹669.9 crore a year earlier. These numbers suggest that ACKO is pursuing scale while also working to improve its cost structure before entering the public markets.
ACKO’s latest leadership appointments mark an important step in its preparation for life as a publicly listed company. By placing dedicated leaders across major verticals, the insurer is attempting to create a more focused and execution-led organisation. As IPO plans advance, the company’s ability to sustain growth, improve profitability and deliver consistent customer outcomes will remain central to investor confidence.