Indian insurtech Acko is in late-stage discussions to secure a $120 million funding round at a time when weak global market conditions have subdued large financing deliberations in the South Asian market.<\/p>\n

General Atlantic is in talks to lead a $120 million round into Acko, the first tranche of which is about $100 million, a source familiar with the matter said. The round values the Indian startup at $1.5 billion, the source said, requesting anonymity as the matter is private. The financing could close within weeks, but it\u2019s possible that the terms of the deal may change slightly, the source said.<\/p>\n