Turtlemint

company

About

Turtlemint is an insurtech platform that identifies and purchases appropriate insurance policies for consumers.

Details

Last Funding Type
Series E
Last Funding Money Raised
$120M
Industries
Financial Services,Insurance,InsurTech
Founded date
Jan 1, 2015
Number Of Employee
1001 - 5000
Operating Status
Active
Legal Name
Turtlemint Insurance Broking Services Pvt Ltd

Turtlemint is an online insurance platform that identifies and purchases appropriate insurance policies for consumers. It aims to “demystify” insurance by explaining the jargon in a simple way and providing smart tools to help a user make the right choice. From search to purchase, the entire process can be completed online in just a few clicks.

The company offers car insurance, bike insurance, health insurance, and term life insurance. It was founded in 2015 and is based in Mumbai, Maharashtra, India.

Funding Rounds

Number of Funding Rounds
Total Funding Amount
6
$197M
Turtlemint has raised a total of $197M in funding over 2 rounds. Their latest funding was raised on Apr 29, 2022 from a Series E round.
Announced Date Round Money Raised Number of Investors Lead Investors Post Valuation
Apr 29, 2022 Series E $120M 5 Amansa Capital
Jungle Ventures
Nexus Venture Partners
Detail
Mar 9, 2021 Series D $16M 2 Jungle Ventures Detail
Nov 17, 2020 Series D $30M 9 GGV Capital Detail
Jan 16, 2019 Series Unknown $25M 3 Sequoia Capital India Detail
Nov 27, 2018 Series Unknown $6M 1 Sequoia Capital India Detail

Investments

Number of Investments
Number of Lead Investments
4
0
Turtlemint has made 4 investments. Their most recent investment was on Aug 10, 2021, when Saturn Technologies raised $44M.
Date Company Name
Round Money Raised Industry Lead Investor
Series Unknown $44M Apps
Mar 20, 2021 FlickPlay
Seed $5M Blockchain
Feb 12, 2019 Massless
Seed $2M 3D Technology
Feb 28, 2014 Secret
Series A $8.60M Apps

Investors

Number of Lead Investors
Number of Investors
8
13
Turtlemint is funded by 13 investors. Amansa Capital and Jungle Ventures are the most recent investors.
Investor Name Lead Investor Funding Round
Amansa Capital Yes Series E
Jungle Ventures Yes Series E
Nexus Venture Partners Yes Series E
Marshall Wace Series E
Vitruvian Partners Series E
GGV Capital Series D
American Family Ventures Series D
Blume Ventures Series D
Dream Incubator Series D
MassMutual Ventures Series D

Employee Profiles

Number of Employee Profiles
10
Turtlemint has 10 current employee profiles, including Executive Prajakt Deolasee
Executive
Executive
Executive
Board observer

Acquisition

Turtlemint has acquired 1 organizations. Their most recent acquisition was IOPhysics Systems on Nov 16, 2021. They acquired IOPhysics Systems for 0.

Date Company Name
Industry Acquisition Type Price
Nov 16, 2021 IOPhysics Systems
Analytics acquisition Detail