New age insurance firm Acko has acquired Parentlane, a digital health platform in the maternity and child health space, for an undisclosed amount.
With this acquisition, the combined entity will deliver personalised content and services to enable better healthcare choices, informed decisions, and improved outcomes.
Vijay Anand, Co-Founder and CEO of Parentlane, will join the Acko leadership team and spearhead strategic initiatives for the company, according to a joint press release.
ParentLane empowers young millennial parents with proactive healthcare solutions from preconception to the most critical early childhood development phase.
The platform claims to have served over 2 million users yearly on the platform with personalized content and delivers healthcare services by partnering with many hospitals across the country.
Founded by Varun Dua in 2016, Acko General Insurance provides relevant insurance products, catering to the needs of the digitally-savvy consumer. The online insurtech provider startup also offers innovative and bite-sized insurance products such as rider insurance, mobile and appliance protection, and ticket cancellation, and has partnered with more than 15 consumer internet players including Ola, Amazon, Zomato and Urban Company.
