Acko: Acko places $1.2 million in Pitstop

MUMBAI: Insurtech agency Acko, which specialises in auto insurance coverage, has invested $1.2 million in automobile service and restore platform Pitstop as a part of its technique to enhance buyer engagement and smoothen the declare settlement course of.

Acko cofounder Ruchi Deepak advised ET that the strategic funding is first in line of different deliberate tieups, because the four-year-old firm makes an attempt to create a full stack on-line automobile possession platform.

“We try to seize two necessary pillars of the automobile possession ecosystem — the first-hand automobile market and auto insurance coverage,” mentioned Deepak.