Varun Dua is a successful fintech entrepreneur who founded ACKO in 2016. It is a digital-first, direct-to-consumer insurance company that is Awarded as one of India’s most trusted companies. ACKO’s revenue crossed Rs 1,750 crore in FY23, with losses surging by 53%.
Before creating ACKO Varun already was a co-founder of India’s leading online insurance aggregator, Coverfox, in 2013, and served as its CEO.
Let’s get to know more about the innovative Varun Dua
Varun Dua’s Family
Varun was born on 3rd March 1981 in Mumbai, India. His father’s name is Chander Mohan Dua, and his mother’s name is Rashmi Dua and has a younger brother named Kartik Dua.
He got married to Sapna Rana, head of Music Acquisition at Radio Mirchi, in 2012.
Varun Dua’s Education
Varun Dua completed his bachelor’s degree at the University of Mumbai, which marked the beginning of his entrepreneurial journey, as this was where the groundwork for his future projects. Following his dream of building his own business, he completed a master’s degree at MICA, Ahmedabad.
Early Career
Varun was a Trainee at Leo Burnett Advertising after graduating. He became a marketing manager positions at Tata AIG Life Insurance and Franklin Templeton Investments. Varun founded two companies Glitterbug Technologies and Enser Communicatio and then he finally launched Coverfox in 2013.-
ACKO
Acko, founded in 2016, by Varun Dua is a private-sector general insurance company. It is a digital-first direct-to-consumer company in India, that received its license from the IRDAI in September 2017. Acko has an online-led model, giving all operations through digital platforms. In October 2021, in its Series D funding round it raised 5 million making it India’s 34th unicorn.
Investment
Varun Dua is an angel investor with 9 investments, the most recent one being in Tohands on 1 March 2024 (Angel Round). Some of his recent investments include:
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- 1 March 2024: Tohands (Retail)
- 1 April 2023: Moxie Beauty (Retail)
- 28 July 2022: Infinyte Club (Fintech)
- 3 March 2022: Vaaree (Retail)
He has also invested in companies such as Foodni on 21 November 2019, Dezerv on 1 September 2021, Capzest on 10 February 2016, Charcoal Eats on 21 February 2016, and Vaaree on 28 February 2022. BuyBuy was also invested in on 1 March 2024.
- Net Worth-
Varun Dua’s net worth according to reports is estimated somewhere off ₹107 crores.
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