New Delhi, India, July 26, 2024: Indian’s leading insurtech company – Acko Technology & Service Private Limited (“Acko”) has acquired the business of Wellworks Technologies Private Limited – a digital chronic care management company which operates under the brand name ‘OneCare’, in an all-cash deal with the deal value being confidential.

OneCare has developed a unique omnichannel care model that combines advanced wearables, data-driven insights, and the accessibility of both physical clinics and virtual care teams. The transaction is a strategic move to re-emphasize Acko’s broader vision of being a comprehensive healthcare provider to its customers, going beyond the insurance services.

Saraf and Partners acted for Acko on the deal. Vaibhav Kakkar (Senior Partner) and Sahil Arora (Partner) led the team advising Acko on the transaction.