Mumbai-based insurance innovation beginning-up Acko General Insurance, a first digital platform that exclusively provides two-wheeler and four-wheeler insurance, has earned $16 million in Ascent Capital.

In the meantime, many reports indicate that the company has also spent $20 million in Binny Bansal, former CEO of Flipkart. This, however, is not yet officially confirmed.

Begun in 2016 by Varun Dua, a serial entrepreneur i....