In India, Shark Tank is among the most popular programs. The third season of Shark Tank India is now set to air, according to the producers. The production team is working really hard to surpass last season’s size and quality. Sony Liv will host Shark Tank India Season 3. The addition of the new shark to the squad is among the officials’ most significant announcements. The team is pleased to welcome Varun Dua as the newest Shark Tank Judge, joining five other new sharks. Acko’s CEO and founder, varun dua biography, is a well-known serial financial entrepreneur. He was the CEO of one of India’s leading
One of the top general insurance firms in India’s private sector, Acko was founded and is led by Varun Dua. The viewers were positively excited by the announcement.
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| Varun Dua Biography | |
|---|---|
| Profession | Fintech Entrepreneur |
| Physical Stats & More | |
| Height (approx.) | in centimeters– 173 cm in meters– 1.73 m in feet & inches– 5’ 8” |
| Eye Colour | Black |
| Hair Colour | Black |
| Personal Life | |
| Date of Birth | 25 February 1981 (Wednesday) |
| Age (as of 2024) | 43 Years |
| Birthplace | Delhi, India |
| Zodiac sign | Pisces |
| Signature/Autograph | |
| Nationality | Indian |
| Hometown | Mumbai, Maharashtra |
| College/University | • R.A.Podar College of Commerce & Economics, Mumbai, Maharashtra • Mudra Institute of Communications, Ahmedabad, Gujarat |
| Educational Qualification(s) | • A commerce degree from R.A.Podar College of Commerce & Economics, Mumbai, Maharashtra • A Master’s degree in Strategic Marketing and Communications from Mudra Institute of Communications, Ahmedabad, Gujarat |
| Religion | Hinduism |
| Relationships & More | |
| Marital Status | Married |
| Marriage Date | Year, 2012 |
| Family | |
| Wife/Spouse | Sapna Rana (Head of music acquisition at Radio Mirchi) |
| Parents | Father– Chander Mohan Dua (a former government employee) Mother– Rashmi Dua (a retired school principal) |
| Siblings | Brother– Kartik Dua Sister-None |
| Money Factor | |
| Salary (approx.) | Rs. 57,00,000 (as Managing Director and CEO of Acko) |
Career of Varun Dua
He has worked in the insurance industry for more than ten years. He was in charge of technology for efficient customer service and marketing analytics for direct business acquisition. Varun started working as a trainee at Leo Burnett Advertising after receiving his degree. Following that, he was employed by Franklin Templeton Investments and Tata AIG Life Insurance as a marketing manager. Varun Dua desired to start his business in the Indian market for businesses.
He founded the Acko company primarily because he was well aware of the prospects on the WWW, or World Wide Web (Internet), to offer efficient means of marketing insurance products. Fewer, easier paperwork that yields better outcomes. Varun Dua was successful in founding one of the largest online insurance investors prior to the establishment of Acko in 2016. Taking into account his track record, he raised about $30 million from investors for the Acko project.
Varun Dua’s Net Worth on Shark Tank
Varun Dua raised $30 million for Acko before it was ever launched thanks to his expertise and abilities. Varun Dua was correct in his assessment; it is clear that he has a strategy and faith in his offering. When Acko’s business revenue is the only thing taken into account, his estimated net worth is $1 billion. Please be aware that the projected net worth shown in this section is based solely on calculations made for Acko.
Shark Tank India Season 3’s Varun Dua
Varun Dua is prepared to join Shar Tank India’s shark panel. Radhika Gupta (Edelweiss Mutual Fund) are among the other sharks that will be hosting the show alongside him. On Sony Liv, Shark Tank India Season 3 will be hosted. Along with the other sharks, Varun Dua will invest in the distinctive and intriguing goods that the contestants are offering.
Varun Dua – Acko
The website states that “Insurance made easy: Zero commission. Zero paperwork” is Acko’s overarching motto. In order to add intrigue and visual appeal to Acko, the business began the campaign with the slogan “Full Paisa Wasool.” This indicates that the insurance offers full value. The retail charges that the rival insurance companies were depending on have been eliminated by Acko. Acko has a lengthy history in the industry. The company’s primary ownership was acquired by Amazon. Acko is still a stand-alone business, though.
FAQs
1. What difficulties did Varun Dua encounter in the insurance industry?
Dua stated that one of the main issues that first created a lot of barriers was a lack of trust. The complexity of the products, the purchasing procedure, and the claims procedure was the cause of it. The process of filing an insurance claim is consistently ranked among the longest and most time-consuming by customers. Varuns aimed to enhance customers’ interactions with Acko.
2. Did Varun Dua sell Amazon Acko?
He hasn’t sold Acko to Amazon, to be clear. However, since 2018, Amazon has contributed the majority of their funding to Acko. With its own management group and board of directors, Acko remains a stand-alone business. At Acko, Varun Dua remains the CEO.
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