Acko Technology & Services Pvt., an Indian digital insurer, has engaged investment banks for a potential initial public offering. The company, backed by private equity firm General Atlantic, is preparing to enter public markets in what would be a significant listing for India's insurtech sector. Sources familiar with the matter confirmed the development.

The IPO could raise as much as $350 million if successfully executed. This capital infusion would provide Acko with substantial resources to expand its digital insurance offerings and potentially accelerate growth in India's rapidly evolving insurance market. General Atlantic's involvement adds credibility to the company's market position.

Acko's potential listing comes amid increasing investor interest in India's fintech and insurtech sectors. The company would join a growing number of digital-first financial services firms seeking public markets to fund expansion. The IPO represents a significant milestone for Acko since its founding and launch of its insurance platform.