Varun Dua Wiki- Varun Dua is an Indian entrepreneur in the fintech industry, best known as the founder and CEO of Acko, a digital insurance company. Prior to Acko, he co-founded and served as the CEO of Coverfox, one of India’s leading online insurance aggregators. In 2024, Varun Dua showcased his business acumen by appearing as a judge on season 3 of Shark Tank India, a popular business reality television series.
Born on February 25, 1981, in Delhi, Varun Dua, aged 43 as of 2024, moved to Mumbai with his family at the age of 2. He pursued a commerce degree at R.A. Podar College Of Commerce & Economics in Mumbai. After completing his undergraduate studies, he appeared for the CAT exam and later pursued a master’s degree in Strategic Marketing and Communications at Mudra Institute of Communications in Ahmedabad, Gujarat.
Shark Tank India’s first season has been a significant boon for ambitious entrepreneurs in India and a massive hit for viewers. The show has not only garnered attention but has also led to lucrative investments for some fortunate individuals. The banter among the Sharks, particularly entertaining for the Indian audience, contributes to the show’s appeal. With the upcoming third season, featuring Varun Dua as one of the sharks, the excitement continues to build for this popular program.
Varun Dua Biography
Contents
Varun Dua, a notable figure in the Indian startup landscape, is an entrepreneur known for his contributions to the fintech industry. Born on February 25, 1981, in Delhi, Varun embarked on his educational journey at the Indian Institute of Technology (IIT), Delhi, where he pursued a degree in Mathematics and Computer Engineering. However, in 2012, he decided to deviate from the conventional path and follow his entrepreneurial aspirations.
Varun’s professional journey began with diverse experiences, including working as a Trainee at Leo Burnett Advertising and later serving as a Marketing Manager at Tata AIG Life Insurance and Franklin Templeton Investments. In the entrepreneurial realm, he co-founded Glitterbug Technologies and Enser Communications before establishing Coverfox, a prominent online insurance aggregator, in 2013.
Varun Dua’s journey reflects his ability to navigate the dynamic startup landscape and bring innovation to the traditional insurance industry. His appearance as a judge on the third season of Shark Tank India further highlights his influential role in the entrepreneurial ecosystem. With a blend of business acumen and a commitment to innovation, Varun continues to leave a lasting impact on India’s fintech and startup landscape.
Varun Dua Overview
| Aspect | Details |
|---|---|
| Full Name | Varun Dua |
| Birthdate | 25 February 1981 |
| Age (As of 2024) | 43 years |
| Birthplace | Delhi, India |
| Zodiac Sign | Pisces |
| Nationality | Indian |
| Education | Commerce degree from R.A.Podar College, Mumbai; Master’s in Marketing from MICA, Ahmedabad |
| Career Highlights | – Founder and CEO of Acko |
| – Co-founder of Coverfox and Glitterbug Technologies | |
| Shark Tank India (2024) | Judge on Season 3 |
| Category | Wiki |
Career Report’s
Varun Dua, founder of Coverfox and CEO of Acko, took a unique path in the startup world that goes beyond the commonly heard “act rapidly and damage things” mantra. After a brief stint as a Trainee at Leo Burnett Advertising, Varun worked as a marketing manager for Tata AIG Life Insurance and Franklin Templeton Investments. Before founding Coverfox in 2013, he started two earlier ventures, Glitterbug Technologies and Enser Communications.
- The motivation behind founding Acko, according to Varun, stemmed from recognizing the untapped potential of using the internet to innovate the sale of insurance products. Despite having no prior background in insurance, he delved into its complexities and soon developed a strong desire to start his own venture.
- Acko, adopting a direct-to-consumer strategy, utilizes its web platform to market traditional insurance services, simplifying underwriting and risk selection. Beyond vehicle, bike, and health insurance, Acko offers unique insurance solutions such as rider insurance, ticket cancellation, and mobile and appliance protection. The company has established partnerships with over 15 digital ecosystem firms, including Ola, RedBus, OYO, Zomato, Urban Company, and more.
- Varun Dua’s journey includes starting as an intern at Leo Burnett Advertising in 2002, followed by roles at Tata AIG Life Insurance and Franklin Templeton Investments. In 2010, he co-founded GlitterBug Technologies, which later evolved into Coverfox in 2014. Recognizing challenges in the insurance sector, Varun founded Acko in 2017. Acko became a unicorn in October 2021, reaching a valuation of $1.1 billion after a Series D funding round of $255 million.
Physical Status
- Height (approx.): 5′ 8″
- Hair Colour:Â Black
- Eye Colour:Â Black
Family Member/Relationship
| Category | Details |
|---|---|
| Parents | – Father: Chander Mohan Dua (Government Employee) |
| – Mother: Rashmi Dua (School Principal) | |
| Siblings | – Younger Brother: Kartik Dua |
| Marital Status | Married |
| Wife | Sapna Rana |
| Children | Not Available |
| Spouse’s Profession | Head of Music Acquisition at Radio Mirchi |
Net Worth
| Aspect | Details |
|---|---|
| Funding for Acko | Raised $30 Million before Acko’s launch. |
| Net Worth Estimate | Estimated around 1 Billion Dollars, primarily from Acko. |
| Note | The net worth is an estimate based on Acko’s income and may not include other sources. Actual net worth may vary. |
Social Media Accounts
| Platform | Username/Profile |
|---|---|
| @Varun_Dua | |
| Varun Dua | |
| varundua8 | |
| Varun Dua | |
| Website | Acko |
FAQ’S
Who is Varun Dua?
Varun Dua is an Indian fintech entrepreneur and the founder/CEO of Acko, a digital insurance company.
What are Varun Dua's notable achievements in the startup ecosystem?
Varun Dua is renowned for founding Coverfox, a top online insurance aggregator, and Acko, a digital insurance company.
What is Acko, and when was it founded?
Acko is a digital insurance company founded by Varun Dua in 2017. It offers various insurance products with a focus on a direct-to-consumer (D2C) approach.
What is Varun Dua's involvement with Shark Tank India?
Varun Dua participated as a judge on Season 3 of Shark Tank India, a business reality television series.
What is Varun Dua's net worth?
Varun Dua's net worth, primarily derived from Acko, is estimated to be around 1 billion dollars. However, this is an approximate figure and may not account for other income sources.
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