ACKO Bolsters Leadership Roster in Anticipation of Upcoming Initial Public Offering

ACKO Strengthens Leadership Team Ahead of IPO

Digital-first insurer ACKO has made significant strides in bolstering its leadership team with four key appointments across its auto, health, customer experience, and mobility ecosystem businesses. These strategic hires come as the company prepares for its highly anticipated initial public offering (IPO).

Apoorv Kalra, a seasoned executive with a background in product development, has been appointed to lead ACKO's auto business. Kunal Kapur, who has previously worked with Meta, will oversee the company's health business. Meanwhile, Vivek Sharma, the founder of Fixcraft, has been tasked with leading the ACKO Drive Ecosystem. Neha Gupta, who has experience working with Zepto, has joined the company to lead the assisted experience.

As part of its efforts to integrate product, business, and customer experience functions under unified leadership, ACKO aims to enable faster execution and improve customer outcomes. The company believes that this revised structure will bring together product development, business strategy, pricing, operations, and customer experience under single-threaded ownership, reducing the distance between decision-making and customer needs.

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ACKO operates a direct-to-consumer (D2C) insurance model, offering motor and health insurance products through digital channels. The company remains focused on building a more tightly integrated and execution-driven organization while scaling sustainably.

In a related development, ACKO earlier appointed ICICI Securities, Morgan Stanley, and Kotak Securities as book-running lead managers for its proposed IPO. According to sources, the company is targeting a valuation of approximately $2-2.5 billion. ACKO is expected to file draft papers with the capital markets regulator Sebi in the coming months.