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Insurtech Startup Turtlemint Bags $120 Million As Valuation Tops $900 Million

Apr 29, 2022•about 3 years ago

Amount Raised

$120 Million

Mumbai

Description

Bangalore/Mumbai: Insurtech startup Turtlemint has raised $120 million led by Amansa Capital, Jungle Ventures and Nexus Venture Partners, the company said on Friday. The online platform for buying insurance has closed the current financing round at a $900-950 million valuation, said a person in the know. The fundraise also saw participation from new backers Vitruvian Partners and Marshall Wace, along with other existing investors.

Company Information

Company

Turtlemint

Location

Mumbai, Maharashtra, India

About

Insurtech startup Turtlemint has raised $120 million led by Amansa Capital, Jungle Ventures and Nexus Venture Partners, the company said on Friday. The online platform for buying insurance has closed the current financing round at a $900-950 million valuation, said a person in the know. ”The company has raised $190 million to date, including this current round. The insurance startup has on board 160,000 insurance advisors across 15,000 pin codes in India. Turtlemint said it will look to expand into new geographies, like Southeast Asia. Founded in 2015 by Dhirendra Mahyavanshi and Anand Prabhudesai, Mumbai-based Turtlemint is a platform that helps financial advisors understand and distribute insurance to their community of customers.

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