India’s FinTech sector has been growing at an impactable speed over the years. And now in 2024, India has the record with the highest FinTech company, and there are about over ten thousand two hundred registered fintech startups in the country. This not only makes India a successful country but also the fastest-growing FinTech market in the world. In this fintech era a company named “Acko” has changed the role of the Indian insurance landscape.
So in this article, we are going to see about Varun Dua, the person behind the success of “Acko.” further in this article we are going to cover his personal and professional details, extending to Varun Dua net worth and social media handle. Thus stay connected to get the completed details.
Who is Varun Dua?
Varun Dua is a founder and CEO of Acko General Insurance. He is one of the iconic entrepreneurs that changed the role of the Indian insurance landscape. Now Acko General Insurance is one of the biggest online insurance aggregators in India.
Varun Dua has been working in the insurance industry for over a decade. He is largely responsible for the automation and simplification of the insurance process through technology.
| Name | Varun Dua |
| Profession | Fintech Entrepreneur |
| Popular For | Founder and CEO of Acko |
| Date of Birth | 25 February 1981 |
| Age | 43 Years |
| Birthplace | Delhi, India |
| Zodiac sign | Pisces |
| Nationality | Indian |
| Hometown | Mumbai, Maharashtra |
| Religion | Hinduism |
| Marital Status | Married |
Varun Dua Net Worth
In 2024 As per chegg India, Varun Dua net worth is estimated to be around INR 107 crores. His success in the business led to this net worth. There have been multiple sources of income.
Varun — CEO of Acko Insurance
Varun is the founder and CEO of Acko Insurance, a digital insurance company that was started in 2016. In 2021, Acko reached the status of a unicorn with a valuation of $1 billion.
As a CEO of the company, Varun draws a salary of INR 57,00,000 per annum. Which is one of the sources of his massive net worth.
Varun — Invested in Startup through SHARK TANK
Varun has been part of the popular reality show of India “SHARK TANK INDIA season 3.” Varun has been part of season 3 of the show and in the season he just made only 2 investments.
- Tohands
Tohands, a creative Bengaluru-based startup, created the first smart calculator ever made especially for store owners. Its two unique buttons—Cash In and Cash Out—allow users to effortlessly monitor their sales and expenses. The Tohands app allows retailers to manage their inventory without the need for expensive billing equipment or complicated mobile apps. Tohands seeks to make financial management easier for small retailers by making it more effective and accessible.
Varun made an investment in the startup for INR 60 Lakhs at the valuation of INR 30 crore in exchange for 2% Equity of the company. The deal has been a partnership with Radhika Gupta and Varun Dua.
- Plus
Plus is a fintech company based in Nagpur, India, that was established in May 2022 by Veer Mishra and Raj Parekh. It aims to revolutionize gold investing by allowing users to invest in gold through Systematic Investment Plans (SIP) or one-time investments. Plus breaks down barriers to traditional gold investment and makes it more accessible to a wider audience by allowing users to convert digital gold into physical jewelry.
Varun made an investment in the startup for INR 60 Lakhs at the valuation of INR 40 crore in exchange for 1.5% Equity of the company.
Varun Dua Age
Varun was born into a middle-class family on 25 February 1981 in the capital city of Delhi. And today in 2025, Varun Dua age be 43 Years.
Looking at his date of birth we found that he lies in the zodiac sign of Pisces. According to horoscope, Pisces zodiac sign means highly creative and imaginative, Walker reports, as well as compassionate and loving.
Varun Dua Education Qualification
Varun always believes that education has been the key factor in his successful life career. Then let me tell you about his Varun Dua education qualification. He started his basic education in his hometown “Delhi Public school.” Varun completed his basic education at this school.
Then afterward he enrolled at the “R.A.Podar College of Commerce & Economics” located in Mumbai, to pursue his commerce degree.
Then for the master’s degree in Strategic Marketing and Communications, varun enrolled himself in the “Mudra Institute of Communications” which is located in Ahmedabad.
| School | Delhi Public school |
| College/University | R.A.Podar College of Commerce & Economics, Mumbai, Mudra Institute of Communications, Ahmedabad |
| Educational Qualification | Commerce degree from R.A.Podar College Master’s degree from Mudra Institute |
Varun’s Family Details
As mentioned earlier, Varun comes from a middle-class family that consists of 4 members including Varun himself.
- Varun’s father’s name is Chander Mohan Dua. He is a retired government employee. He was the only person that supported Varun in his entrepreneurial ventures.
- Varun’s mother’s name is Rashmi Dua. She was a retired school principal in one of the Delhi public school branches.
- Varun’s brother’s name is Kartik Dua. he is the youngest in the family.
| Father | Chander Mohan Dua (former government employee) |
| Mother | Rashmi Dua (retired school principal) |
| Brother | Kartik Dua |
Varun Dua Wife — Sapna Rana
Varun Dua married his longtime girlfriend Sapna Rana in 2012. Sapna Rana professionally works in the entertainment industry. Since 2002, She has been working as a producer and a radio jockey at Radio Mirchi. She has been also part of the popular show “Hello Mumbai breakfast” on Radio Mirchi
Additionally, Sapna was diagnosed with Amyotrophic Lateral Sclerosis in 2020, during the COVID-19 pandemic.
Varun Professional Career
Early Career Beginnings
- In 2002, after completing his formal education, Varun Dua began his career as an intern at Leo Burnett Advertising in Mumbai. He was working at Leo Burnett on an insurance project when he asked a Tata AIG employee for help, and the employee then offered him a job.
- In 2003, he began working as a marketing manager at Tata AlG Life Insurance, where he remained for four years, until 2007.
Rise in the Insurance Industry
- In January 2007, he started working at Franklin Templeton Investments as a marketing manager, where he stayed for a year before departing that is till 2008.
- He made the decision to pause his career after Franklin Templeton Investments. During this time, he met Devendra Rane, an IT engineer from IIT Bombay, who gave him the idea to combine the insurance industry with IT. Along with Rane, he co-founded GlitterBug Technologies in 2010. During an interview, Varun Rane discussed how he came up with the idea for his business and claimed that his familiarity with the industry had aided in its development.
Founding Acko and Transforming Insurance
- In 2014, Varun Dua decided to change his company to Coverfox, an online insurance brokerage. And in the company he acted as the CEO of Coverfox. Varun Dual claims that despite collaborating with Coverfox to resolve the purchasing and traffic issues in the insurance industry, he was unable to resolve the pricing issue.
- In 2016 Varun began working with new insurance companies in an attempt to come up with a new solution to the pricing issue. Varun chose to launch a new company called Acko because Coverfox was an online broker portal and brokers were prohibited from acting as insurers. Even before Acko launched its operations in May 2017, Varun was able to secure a $30 million investment with the assistance of some Coverfox investors.
- In October 2017, Dua obtained the Acko licenses, and in February 2018, it released its first product. Acko started out providing auto insurance before branching out into mobile insurance and, in collaboration with OLA, starting health insurance for OLA travelers.
- In October 2021, Acko raised 255 million dollars in a Series D round, boosting its total value to 1.1 billion dollars, making it the 34th Indian start-up to become a unicorn.
| Year | Role | Organization | Key Highlights |
|---|---|---|---|
| 2002 | Intern | Leo Burnett Advertising, Mumbai | Worked on an insurance project that led to a job offer at Tata AIG. |
| 2003-2007 | Marketing Manager | Tata AIG Life Insurance | Managed marketing operations for 4 years. |
| 2007-2008 | Marketing Manager | Franklin Templeton Investments | Worked for a year before taking a career break. |
| 2010 | Co-founder | GlitterBug Technologies | Combined insurance with IT alongside Devendra Rane. |
| 2014 | CEO | Coverfox | Transitioned GlitterBug into Coverfox, an online insurance brokerage. |
| 2016 | Founder & CEO | Acko | Established Acko, a digital insurance company, addressing pricing challenges. |
| 2017 | Secured Acko Licenses | Acko | Obtained licenses in October and launched its first product in February 2018. |
| 2018 | Product Launch | Acko | Started with auto insurance, expanded to mobile and health insurance (e.g., OLA). |
Varun – ACKO General Insurance
- ACKO is a technology company that was founded in 2016 and assists clients with practical problems, beginning with insurance. The company was founded by Varun Dua and Ruchi Deepak. It has significantly changed the insurance market and is the first digitally native insurer in India.
- ACKO is a modern brand that prioritizes the customer with its affordable prices, excellent customer service, and ease of use.
- ACKO is a targeted business that operates in the embedded insurance, health insurance, and auto insurance sectors.
- The company has served over 75 million customers, growing at a compound annual growth rate (CAGR) of 88% over the last four years, and issued approximately 900 million policies to date.
| Announced Date | Name | Money Raised | Investors Name |
|---|---|---|---|
| Jun 7, 2023 | Private Equity Round | ___ | General Atlantic |
| May 25, 2023 | Series E | ___ | ___ |
| Oct 27, 2021 | Series D | $255M | General Atlantic, Multiples |
| Sep 15, 2020 | Series D | $60M | Munich Re Ventures |
| Nov 28, 2019 | Venture Round | $36M | Ascent Capital, Binny Bansal |
| Mar 13, 2019 | Series C | $65M | Amazon |
| May 27, 2018 | Series B | $12M | Amazon |
| May 23, 2017 | Seed Round | $30M | Catamaran, Kris Gopalakrishnan, N.R.Narayana Murthy |
| Nov 1, 2015 | Seed Round | ___ | ___ |
Varun Dua in Shark Tank India
The first season of Shark Tank India changed the path of many aspiring entrepreneurs across the country. It became an audience favorite and gave entrepreneurs access to significant funding and publicity.
Most people found that the Sharks’ humorous arguments added a pleasant element to the show’s excitement, in addition to the business deals. As a member of the Sharks by Season 3, Varun Dua contributed his viewpoint to the program. In the season Varun made 2 great deals with an investment of INR 1.20 crore combined in both the start.
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Varun’s Social Media Handle
Varun has been a successful businessman and with this, he is active on a social media platform Twitter only. On the platform, he has the handle name “@duavarun.” The handle has a total of 3,523 Followers and it is also a verified account.
Facts about Varun
- ACKO has raised over USD 450 million to date and has the support of major private equity firms General Atlantic and Multiples private equity, Amazon, Canada’s largest pension fund (CPPIB), and top venture capitalists Accel, Elevation, and Lightspeed Multiples.
- Acko became India’s 34th unicorn after raising $255 million in a Series D funding round in October 2021.
- The company has also formed strategic partnerships with Amazon India, Ola Cabs, and HDB Financial Services in an effort to increase its customer base and enhance its offerings.
- Varun Dua’s involvement with Shark Tank and other platforms demonstrated his creative thinking.
- Varun Dua is also an angel investor in several startups in the fintech, health tech, edtech, and consumer sectors. ZestMoney Dunzo, Khatabook, Teachmint, and Pocket Aces are a few of his noteworthy investments.
Disclaimer
All the details about varun have been given after a great research for multiple resources. Thus you can rely on the data but once make sure to cross verify every data.
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