The Amazon and Intact Financial-backed insurance provider is raising $40m to $42m in a round that will include $20m from Benny Binsal.

Private backer Binny Binsal is set to invest $20m Acko Technology, the India-based online insurance portal backed by e-commerce group Amazon and insurance firm Intact Financial Corporation, the Economic Times reported on Friday. Binsal, the founder of e-commerce marketplace Flipkart, will supply the capital as a larger funding round expected to be sized at roughly…

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