Varun Dua: The Visionary Behind Acko and Coverfox

India’s Financial Industry has seen sudden growth and the Insurance Sector is concluded to be the main highlight of sudden growth. Well, the Indian Entrepreneur Varun Dua has changed the way people used to look at the Indian Insurance Sector. Moreover, his success story, alongside the various Insurance Ventures and more has been discussed further in the article. So, if interested one can go through the article to gather complete information. 

Who is Varun Dua? 

Varun Dua is a notable figure in the field of insurance technology. He is particularly known for his role as the founder and CEO of Coverfox and Acko General Insurance. Acko and Coverfox are the two leading Insurance Platform that makes the purchasing and claiming of Insurance for any product quite easy. Moreover, Varun has been Instrumental in driving innovation in the Insurance sector, making it all more accessible and user friendly with usage of Technology. However, Varun Dua has been in the Judge panel of Shark Tank Season 3. 

Wiki: Varun Dua Age, Place of Birth and More

Name	Varun Dua
Date of Birth	25 February 1981
Place of Birth	Delhi, India
Varun Dua Age	43 Years
Currently Living	Mumbai, Maharashtra, India
Marital Status	Married
Spouse	Sapna Rana
Nationality	Indian
Zodiac Sign	Pisces
Varun Dua Height	5 feet 8
Profession	Entrepreneur
Business	Acko and Coverfox
Varun Dua Net Worth	₹107 Crore

Early Hardships and Educational Qualification 

Varun did not belong to a wealthy family or had any Entrepreneurial background. Looking at his family background no one could have guessed his interest in the Insurance and Technology sector. Well his academic Journey in the field of business and he completed his Bachelor’s from University of Mumbai. Furthermore, he pursued his Masters degree from Mudra Institute of Communications, Ahmedabad. The degree from a prestigious business school of Indian laid his foundation of Entrepreneurial Journey.  

Family and Relations: Varun Dua Wife and Parents 

Varun was born in a Indian Middle Class Family. His Father Chander Mohan Dua and Mother Rashmi Dua are his pillars of support. Adding to the family, Varun Dua Wife Sapna Rana had been his constant support and the best Varun could ask for.  Moreover, there is not much information about his family as of now. 

Career Line of Varun Dua 

Now, Varun Dua has been the talk of the town and the due credits goes off to his business line. Moreover, Varun’s journey in the world of business began as a mere employee.

• Soon after Graduation, he had worked as a Trainee for less than a Year at Leo Burnett Advertising.
• Next, in line was the stepping stone of his journey in the Insurance Sector. 
• He had also been a part of Tata AIG Life Insurance and Franklin Templeton Investment and worked as Marketing Manager. 
• Working here provided him an Insight and experience of Insurance Sector functionality. 
• He came up with two business lines:- Glitterbug Technologies and Enser Communications. 
• Both the Business experience enriched his understanding of Business Dynamics. 

Coverfox: The Beginning of Entrepreneurial Journey 

In 2013, the Journey in the Insurance Entrepreneurial World began with the co-foundation of Coverfox. The first Insurance business Endeavour of Varun was a Online Insurance platform that streamline and simplifies the Insurance buying or purchasing process.  As the CEO, his market skillset enhanced and also showcased his idea of running a business in the insurance sector with more profit. 

Reaching the Career Highs: Acko Insurance 

Acko General Insurance had started with the sole motivation of “Insurance Made Easy: Zero Commision, Zero Paperwork”. It is mainly all about But Car, Bike, Health and Travel Insurance online on Acko with Zero Commision, Paperless Claims and More. Moreover, the Insurance business came in limelight with the ad campaign and phrase “Full Paisa Vasool”. 

Now, Varun founded Acko back in November 2016, and soon gained the entity of India’s First Fully Digital Insurance Company. The Mumbai Based unicorn has gained popularity and also has several five star ratings with over 5 crore happy customers. Moreover, the business ACKO Net Worth for Financial Year 2023 was ₹1759 crore. For the Financial Year 2024 as of Now, the net worth of the business is ₹2106 Crore. The Total valuation of the company is $1.1 billion as of 2024.   

Challenges Faced 

Well, establishing the Insurance company and for the well running of the business the main object to be looked up to is Trust. Moreover, when starting the business Varun had faced the issue of Trust. As is common no one would ever believe in an online insurance company. Moreover, gradually the business grew and people slowly but finally started to trust the business line. And at last the business grew up and became one of the largest Indian Insurance Companies. 

News: Varun Dua Shark Tank Judge 

In 2023, Shark Tank Season 3 hosted Varun Dua as one of its main leading judges and investors. Well, Shark Tank India is a blessing for every Indian Entrepreneurial and especially for the StartUps. People get an opportunity to raise funds and not only fund but also provide a great stage for advertising and promotion of Business. Moreover, Varun’s Journey on the Shark Tank Stage has been filled with some great words and more great money Investments. Such as: 

• BrownDoor.AI: It is mainly an innovative interior solution company that collaborates with top interior vendors and brings best design to life. 
• Plus: Plus Gold is a Jewellery Savings app that integrates the power of digital gold investment. 
• Tohands: Tohands is a smart calculator company that is designed to keep the track of transactions of cash or other material without any hassle. 

Varun Dua Net Worth 

Varun Dua Net Worth as of 2024 season is estimated to be around ₹107 Crore. Moreover, his founding company Acko General Insurance acts up as his main source of Income. But, alongside he also makes income through the various business investments that support startups in the fintech industry. 

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