Turtlemint Listed
Turtlemint is a Mumbai-based insurtech platform and self-described "tech-enabled middleman that connects customers, insurance advisors, and insurers." It distributes motor, health, life and term insurance through a network of advisors (PoSPs) using its TurtlemintPro app, and has since expanded into B2B insurance SaaS (Turtlefin) and mutual fund distribution (Turtlemint Money). Turtlemint listed on the NSE and BSE in June 2026.
Turtlemint: Funding Rounds
| Date | Round | Amount | Investors | Source |
|---|---|---|---|---|
| 29 Apr 2022 | Series E | $120 Mn | Amansa Capital Jungle Ventures Nexus Venture Partners Marshall Wace Vitruvian Partners | source |
| 9 Mar 2021 | Series D | $46 Mn | GGV Capital American Family Ventures Blume Ventures Dream Incubator Jungle Ventures MassMutual Ventures Nexus Venture Partners Sequoia Capital India SIG Trifecta Capital | source |
| 16 Jan 2019 | Series B | $25 Mn | Sequoia Capital India Blume Ventures Nexus Venture Partners | source |
| 5 Feb 2016 | Series A | $2.5 Mn | Nexus Venture Partners Blume Ventures | source |
Acquisitions
| Date | Acquirer | Acquired | Amount | Source |
|---|---|---|---|---|
| 1 May 2024 | Turtlemint | Turtlemint Insurance Broking Services | Undisclosed | source |
| 24 Feb 2023 | Turtlemint | Last Decimal | Undisclosed | source |
| 16 Nov 2021 | Turtlemint | IOPhysics Systems | Undisclosed | source |
News on Turtlemint
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Who founded Turtlemint?
Turtlemint was founded by Dhirendra Nalin Mahyavanshi, Anand Rohidas Prabhudesai, Kunal Shah in 2015.
How much funding has Turtlemint raised?
Turtlemint has raised $193.5 Mn across 4 tracked funding round(s), most recently on 2022-04-29. Figures are compiled from cited public sources.
Who are the investors in Turtlemint?
Investors in Turtlemint include Amansa Capital, Jungle Ventures, Nexus Venture Partners, Marshall Wace, Vitruvian Partners, GGV Capital, American Family Ventures, Blume Ventures.
What does Turtlemint do?
Turtlemint is a Mumbai-based insurtech platform and self-described "tech-enabled middleman that connects customers, insurance advisors, and insurers." It distributes motor, health, life and term insurance through a network of advisors (PoSPs) using its TurtlemintPro app, and has since expanded into B2B insurance SaaS (Turtlefin) and…
Where is Turtlemint headquartered?
Turtlemint is headquartered in Mumbai, Maharashtra, India.
What is Turtlemint's business model?
Turtlemint's core value proposition centers on Tech-enabled insurance intermediary, Trains advisors in small cities/towns, Wide insurer choice via one platform.
How does Turtlemint make money?
Turtlemint's cited revenue streams include Insurance commissions, Marketing fees from insurers (historical/legacy model), B2B SaaS/API fees (Turtlefin).