Acko Acquires OneCare

Acko, a general insurance startup, has acquired digital chronic care management company OneCare in an all-cash deal for an undisclosed amount.

• Strategic Acquisition: This acquisition supports Acko's vision of evolving into a comprehensive healthcare provider, extending beyond insurance services.

• Leadership Integration: OneCare cofounders Rakesh Shivran and Sagar Bhat will join Acko’s leadership team.

• Customer-Centric Approach: Acko's CEO, Varun Dua, emphasized that integrating OneCare’s capabilities will enhance clinical care within Acko's insurance offerings, ensuring superior customer care.

• Innovative Care Model: OneCare has developed an omnichannel chronic care delivery model that combines advanced wearables, data-driven insights, and accessible physical and virtual care teams, integrating over 100 offline clinics.

• Profitability Goals: Acko aims to achieve profitability by FY27, leveraging the positive earnings from its general and health insurance segments.

Acko's acquisition of OneCare advances its goal of becoming a comprehensive healthcare provider, enhancing customer care through integrated insurance and clinical services.