ACKO has acquired Parentlane, a digital health platform in the motherliness and child health space. The technology platform empowers youthful millennial parents with visionary healthcare results from preposition to the most critical early nonage development phase, the company said in a statement on Thursday. The platform, combined with ACKO’s core insurance immolation, will deliver personalised content and services to enable better healthcare choices, informed opinions, and better issues, the statement said. ACKO wants to be every client’s friendly companion during all stages of their healthcare trip.
For youthful millennial parents, who comprise the utmost of ACKO’s client members, motherly care is the first in- depth hospitalisation or healthcare experience. With this accession, ACKO improves its capability to not only give continuum care for motherly care but also aims to develop specialised care programmes for numerous other conditions. Varun Dua, Author of ACKO, while speaking about the accession, said, “As both ACKO and Parentlane seek to address the problems in healthcare, there’s total alignment in our separate doctrines. Parentlane will play a significant part in helping us give comprehensive healthcare service to our guests and expand beyond the core insurance immolations by partnering with the healthcare ecosystem.”
Acko, which is looking to raise $ 150 million, provides retail health insurance and motor and bedded insurance. The rearmost accession will be an add-on to its immolations, aligning with its strategy of erecting its healthcare product. Bengaluru-grounded Parentlane, which was innovated in 2015 by Anand and Neeraj Kumar Gupta, is a tech platform that offers healthcare results to new parents starting from prepossession to the most critical early nonage development phase. The company mates with hospitals across the country to offer its services. “As we offered comprehensive care to youthful couples during one of their most important life milestones, we discovered the value that insurance brings to guests and how it could potentially become the primary gateway for consumers to pierce healthcare services,” said Anand. In November last time, ACKO invested in community and security operation incipiency MyGate in its $12.2 Mn backing round. Meanwhile, the insurtech incipiency’s net loss widened 3X to INR 382.3 Cr in FY22 from INR132.5 Cr in FY21 due to a rise in its charges. Its profit rose 129% year-on-year to INR Cr in FY22.