Benguru-based digital-first general insurer, Acko, has hired investment banks for its initial public offering in India. The company, backed by General Atlantic, Canada Pension Plan Investment Board, and Accel, plans to file its DRHP confidentially with SEBI in H2 2026. It is aiming to raise as much as $350 million and is aiming for a valuation of $2 to $2.5 billion. The IPO will include fresh share issuance and an offer-for-sale component from existing investors. Despite not yet profitable, this growth and loss reduction is indicative of Indian tech-oriented businesses' need to demonstrate to access the public market at a premium valuation. The target valuation represents a significant discount to the last known private valuation.