Excitement is in the air as Varun Dua joins the panel of investors in Shark Tank India Season 3, becoming the sixth shark among the newest judges. As an accomplished entrepreneur and the founder and CEO of Acko Insurance Company, Dua brings a wealth of experience and insight to the show. If you’re not familiar with him, let’s dive into his background and accomplishments.

Varun Dua was born on February 25, 1981, in Delhi, India. He completed his bachelor’s degree at R. A. Podar College of Commerce and Economics in Mumbai before earning a master’s degree at the Mudra Institute of Communications in Ahmedabad, Gujarat. Dua comes from a humble background; his father, Chander Mohan Dua, was a government employee, while his mother, Rashmi Dua, was a school teacher. He has a younger brother, Kartik Dua.

Dua’s journey to success was not without its challenges. After completing his education, he began his career in 2002 at Leo Burnett Advertising in Mumbai but transitioned to the insurance sector shortly after. He joined Tata AIG Life Insurance as a Marketing Manager in 2003, where he honed his skills for four years. He later worked at Franklin Templeton Investment, but his true ambition lay in entrepreneurship.

In 2010, Dua co-founded Glitterbug Technologies, which later evolved into Coverfox, a leading online insurance aggregator. Under his leadership, Coverfox transformed the way insurance is accessed in India, enabling users to compare and purchase insurance policies online.

In 2016, Dua took his vision a step further by launching Acko, a digital insurance company that offers car, bike, health, life, and travel insurance without the hassles of traditional paperwork. Acko made history by becoming the world’s first digital insurer, proving that it’s possible to simplify insurance processes through technology.

Career Highlights

Varun Dua’s dedication and innovative approach have led Acko to become a significant player in the insurance industry, achieving unicorn status in 2021 with a valuation exceeding $1 billion. This milestone marked a major achievement for Dua and his team, reflecting their hard work and commitment to revolutionizing the insurance landscape in India.

Personal Life and Background

Varun Dua is married to Sapna Rana, who works as the Head of Music Acquisition at Radio Mirchi. The couple tied the knot in 2012 and have built a life together while Dua has navigated the challenges of entrepreneurship.

Net Worth

While there are no confirmed figures, Varun Dua’s estimated net worth is approximately ₹107 crore. His successful ventures and contributions to the insurance sector have made him one of India’s prominent entrepreneurs.

As Varun Dua takes his place among the esteemed sharks of Shark Tank India, audiences are eager to see how his expertise and experience will influence aspiring entrepreneurs. Share your thoughts on Varun Dua and who your favorite shark is among the new judges this season!