About
| Date of Birth | 25th February 1981 |
| Place | Mumbai, India |
| Education | MBA From IIM ahmedabad |
| Spouse | Sapna Rana |
| Net Worth | ₹107 crore |
Background
Mumbai-born Varun Dua was raised in a middle-class household. In 2012, he wed Sapna Rana, the Acko music director. They have rescued a number of dogs and both adore them. Varun Dua’s quest started with an insatiable curiosity. He established the foundation for his future endeavors at the University of Mumbai, where he earned his bachelor’s degree. Building on this basis, he attended the esteemed Indian business school MICA in Ahmedabad to obtain a Master’s degree. Varun’s education gave him a strong foundation in academics as well as a love of creativity and problem-solving. This academic background gave him the strong starting point for his future prosperous career in the financial sector.
“You will have to start manufacturing it if you really want to change the plumbing,” says Varun Dua, CEO of Acko. This indicates that he thinks that inventing new things can lead to significant changes. In India, where online banking and insurance are becoming increasingly popular, he is a major figure. Varun is also an important player, and India has emerged as a major force in this arena. He is renowned for using technology to make insurance simpler for everyone.
With a net worth of more than $1 billion, Acko has achieved great success. Varun is now preparing to join Shark Tank India. His story serves as motivation for those who aspire to make changes in their lives. We’ll discuss Varun’s job and significant life events in this blog.
Career
Varun Dua started his business career with GlitterBug Technologies in 2010. He recognized a chance to innovate in the insurance sector rather than choose a traditional career. He was a co-founder of Coverfox, an online marketplace designed to make buying insurance easier, in 2013.
Varun’s aspirations, however, continued. His goal was to further increase the accessibility of insurance. Thus, in 2016, he founded Acko with the goal of simplifying the insurance procedure. Acko provides a range of insurance policies, including health and auto insurance as well as special choices like ticket cancellation and rider insurance.
Acko’s straightforward approach is what makes it unique. They eliminate the middlemen by selling insurance directly to consumers online. People can easily obtain the coverage they require because this streamlines the procedure. They also collaborate with other businesses, such as Zomato and Ola, to guarantee that customers can get insurance whenever they need it.
Acko’s customer-focused strategy became well-known very fast. They are now valued at over a billion dollars, having grown dramatically since their founding and being dubbed a “unicorn.” Furthermore, Acko’s influence extends beyond insurance as they sponsor sports teams like those in the Indian Premier League, demonstrating its commitment to more than just business.
Appearance
- Varun has discussed entrepreneurship, Acko’s business strategy, and the larger insurtech sector in a number of media appearances and talk shows. His conversations frequently center on the significance of innovation in business and how Acko is changing the insurance industry.
- Varun has spoken at a number of industry panels and conferences, specializing on fintech, entrepreneurship, and insurtech. He has been able to share his experiences creating Acko and his thoughts on the digital transformation of the insurance industry thanks to these events.
- His opinions on startup culture, leadership, and the importance of technology in business evolution have been covered in newspapers, business journals, and television interviews.
- Varun has attended various award ceremonies and recognition events where he has been honored for his work in the insurance and technology sectors. His leadership at Acko has earned him awards for innovation and growth in the digital insurance industry.
- Varun frequently makes public appearances via digital channels, offering his perspectives on leadership, entrepreneurship, and the expansion of Acko. He frequently shares content on LinkedIn and other social media sites, where he engages with business owners and experts, giving guidance and talking about Acko’s experience as well as the prospects for the insurtech industry.
Profession
Varun put a lot of effort into making Acko extremely successful. Acko was valued at over $1 billion in 2021, making it a unicorn! Varun didn’t stop there; he also took action to improve the lives of others.
He was more concerned with making sure Acko was unique and superior than he was with making money. Through initiatives like Acko’s accelerator, Varun assisted aspiring business owners in their education and development. Additionally, he advocated for causes that were significant and raised awareness of critical situations.
Varun’s leadership style demonstrates that success involves more than simply financial gain; it also involves changing the world. Acko is a huge success thanks to his vision, and it’s only the beginning.
Varun is known for being a thought leader in the digital transformation of conventional sectors and for his leadership in Acko. His story demonstrates how technology can upend existing industries and open up new avenues for growth.
Acko’s customer-focused strategy became well-known very fast. They are now valued at over a billion dollars, having grown dramatically since their founding and being dubbed a “unicorn.” Furthermore, Acko’s influence extends beyond insurance as they sponsor sports teams like those in the Indian Premier League, demonstrating its commitment to more than just business.
Road to Success
As the co-founder and CEO of Acko General Insurance, Varun Dua has had an incredible journey of entrepreneurship, innovation, and disruption in the Indian insurance sector. This is a summary of his journey to achievement:
- Early Life and Education
- Early Career
- Founding Acko General Insurance (2016)
- Strategic Partnerships
- Growth and Fundraising
- Disrupting the Insurance Sector:
- Success and Recognition
- Legacy and Impact
Investment in Shark Tank India Season 3
| Sr. No. | Brand | Idea |
| 1. | Tohands | Smart Calculator with Ledger |
| 2. | Plus | Gold and Jewellery Savings App |