The online insurer took its total valuation to $500m in a round led by Munich Re Ventures and backed by fellow corporate investors Amazon and Intact Financial.

Munich Re Ventures, the corporate venturing arm of reinsurer Munich Re, led a $60m series D round for India-based online insurance platform Acko Technology yesterday, TechCrunch reported. E-commerce and cloud services group Amazon also invested, as did Intact Ventures, the corporate venture capital arm of insurance provider Intact Financial, and venture capital firm RPS Ventures.…

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