Indian digital insurer Acko has reduced its workforce by around 5% amid an AI push, reported Mint.
Sources cited in the report said impacted staff are expected to stay on the company’s rolls until the end of June.
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The move comes alongside a senior management change, with chief marketing officer Ashish Mishra set to leave the company.
Mishra, who joined Acko in August 2020, is currently serving his notice period.
He is likely to be replaced by Nitin Khanna, who has worked in marketing positions at Acko for more than seven years.
According to the report, the job cuts are part of a wider organisational shift linked to AI adoption.
As of March 2026, Acko’s workforce stood at around 1,200 employees, the report added.
This is the company’s second known round of layoffs.
During the Covid-19 pandemic, Acko cut 45–50 roles as part of cost-control measures aimed at extending its runway.
The latest restructuring comes as the company works towards a proposed initial public offering of $300m (Rs27.9bn)–400m in fiscal year 2027 (FY27).
The report said Acko is in preliminary talks with bankers, with the planned share sale expected to combine fresh fundraising with secondary stake sales by existing shareholders.
Founded in 2016 by Varun Dua and Ruchi Deepak, Acko has raised more than $450m from backers including Amazon, Accel, Elevation Capital and Munich Re Ventures.
The insurer says it caters to more than 78 million customers and has issued more than a billion policies.
Its business has widened beyond motor insurance into health cover, including through the acquisition of OneCare in 2024.
For FY25, Acko reported a consolidated net loss of Rs4.24bn, compared with Rs6.67bn in the previous year.
Operating revenue rose to Rs28.36bn from Rs21.06bn.
