The IPO, which may include a mix of primary shares and secondary sales by existing investors, is likely to be launched in the second half of the year, the people said, asking not to be identified because the information is private.
Acko is expected to appoint advisers in the coming weeks, they said. Deliberations are ongoing and the terms of the potential offering could still change.
A representative for the company didn’t immediately respond to a request for comment.
Acko, which has General Atlantic Service Co., Canada Pension Plan Investment Board and Accel Capital among its backers, provides online insurance for car, health and travel with features like zero paperwork, instant renewals, same-day claim settlements, according to its website.
The planned IPO will add to a growing list of offerings in India as companies rush to raise funds in a market that’s seeing surging inflows from mutual funds.
India ranked among the world’s busiest IPO markets in 2025, with companies raising about 1.95 trillion rupees ($21.6 billion), exceeding the previous year’s record of 1.73 trillion rupees, data compiled by Bloomberg show.