Amazon-backed Acko seeks new funds at $1 billion value

Acko General Insurance Ltd. is weighing a new funding round that could value the Indian online insurer at more than $1 billion, according to people familiar with matter.

The Amazon.com Inc.-backed startup is looking to raise about $200 million in the round, said the people, who asked not to be identified as the information is private. Acko is also considering a listing as soon as this year, one of the people said.