Insurtech company Acko has announced the acquisition of OneCare, a digital chronic care management company, in an all-cash transaction. This strategic acquisition aligns with Acko’s vision of expanding beyond traditional insurance services to become a comprehensive healthcare provider, the company stated in a press release.
As part of this acquisition, OneCare co-founders Rakesh Shivran and Sagar Bhat will join Acko’s leadership team, bringing their extensive experience in large-scale health-tech services.
OneCare is known for its innovative omnichannel care model, which integrates advanced wearables, data-driven insights, and the accessibility of both physical clinics and virtual care teams.
With this acquisition, Acko aims to create a healthcare ecosystem that supports every aspect of a customer’s health insurance needs, including protection, prevention, care, and recovery.
Acko holds a significant market share in embedded insurance products such as mobility and gadget insurance, partnering with over 50 prominent companies in the internet ecosystem, including Oyo, redBus, Zomato, HDB Financial Services, and Urban Company. The company reports having provided insurance to over 78 million customers and issuing more than 1 billion insurance policies.
