Flipkart cofounder Binny Bansal is doubling down on insurance technology startup Acko by pumping in an additional $20 million into the company as part of its latest financing round. With the fresh infusion of capital, Bansal’s total investment in the new-age insurance firm will go up to $45 million, making it his largest personal bet on an Indian startup. Acko Technology, which runs Acko General Insurance, is in the process of raising a fresh funding round which is expected to be around $40-42 million in size. The capital raising will also see private equity funds Ascent Capital invest $16 million. Others like Baring Private Equity Partners India and Ventureast are also likely to participate in the funding round.

(ET Tech)