Driven by Amansa Capital, Jungle Ventures and Nexus Venture Partners, Insurtech startup in a Series E funding round Turtlemint has raised $120 million.
The report says, the most recent financing round has esteemed Turtlemint at more than $900 million.
The funding was all backed up by prominent investors of the firm like – Dream Incubator, Trifecta Capital, American Family Ventures, Jungle Ventures, Sequoia Capital India, Nexus Venture Partners, GGV Capital, MassMutual Ventures, Blume Ventures, and others.
With startups coming out of every corner it very well may be hard to try and get the business rolling. Turtlemint came on the track with its advanced transformation. Stood strong and despite barriers on its way it came so far.
The Turtlemint Story
Turtlemint is an InsurTech stage enabling protection consultants with computerized devices to prescribe the right protection items to their clients.
This Mumbai-based platform was established in 2015 by Dhirendra Mahyavanshi and Anand Prabhudesai,
It empowers monetary advisors to immediately coordinate every client with a set-up of items that is the most appropriate for their exceptional necessities.
Anand Prabhudesai, Co-founder, Turtlemint –
“We enable our advisors with various tools, which help them build their brand, generate leads and service customers with confidence in an increasingly digital world. With the new funding, we are going to invest significantly in creating superior customer experience when it comes to understanding insurance requirements, managing life-long risks through the right insurance products and getting a smooth claims experience.”
The business model goes with B2C and B2B2C.
TurtlemintPro comes as a Turtlemint’s Advisor App which permits impaneled PoSP counsels to completely deal with their protection business utilizing a mobile app that is too easy to use.
The app has many features which lead it in certain ways. Some of the features of the app are, that it additionally gives counselors the capacity to construct more grounded client relationships. offers a mobile-based preparing and expertise advancement program for advisors.
The mystery ingredient behind Turtlemints Turtlemints community
The starting point began with just a single user, yes it may be startling but that’s the truth. The journey began with trust and expanding the offerings the best they could.
From moving to cities and connecting to people through digital platforms to offline mode and getting an organic number of participants the journey never fails to inspire.
Funding Leading To A Potential Future
The organization means to utilize the new assets to grow in new geologies, scale its authority group and reinforce the items. As the organization anticipates global extension, it is hoping to extend to South-East Asian business sectors too.
Comment from Peter Read, Partner at Vitruvian Partners says a lot regarding the capability of the startup-,
“We believe that Turtlemint is at the forefront of effecting digital transformation in insurance in India by enabling advisors, through technology, to bring transparency and trust to customers. We are excited to partner with the exceptional team at Turtlemint in their next phase of growth by making insurance simple and accessible across India and beyond.”
Along with making a critical commitment to expanding protection infiltration in India, Turtlemint is assuming a vital part in changing the protection environment in India with its tech-first methodology.
With the achievements and statements from the founders, it is very clear that they have a vision beyond this. It won’t stop here, not today but they are moving to a tomorrow which is worth it.
These words from Dhirendra Mahyavanshi, co-founder, of Turtlemint, made it very much clear-
“While we target to onboard 1 million-plus advisors by 2025 further accelerating our pace of growth in India, we are also leveraging our technology expertise to offer our solutions to financial institutions both in India as well as the Middle East where we partner with leading banks for API based solutions,”
With all the great minds rolling around scaling a startup in India can be really difficult for some originators. As the opportunities increase so did the people with great ideas.
The platform stood up to scale up rapidly in various regions. Keeping in mind the idea of only one believer to start with and to improve what to offer. To offer solutions to solving a small set of problems to marketing and leveling up the channel. Turtlemint is all set to be Soonicorn.
