New-age insurance company Acko has appointed Apoorv Kalra, former chief product officer of Junglee Games, to head its auto insurance business as part of a leadership revamp.
The appointment comes at a time when Acko is preparing for an initial public offering(IPO). In April, ET reported that the Bengaluru-based company had confidentially filed draft papers for an IPO, which is expected to raise around $250 million. The offering could value the insurer between $2 billion and $2.5 billion, significantly higher than its last known valuation of about $1.4 billion.
