, India

Indian insurtech Turtlemint raises $46m in funding round

It will use the money to expand its distribution reach.

Online insurance adviser Turtlemint has raised $46m in a Series D funding led by Singapore’s Jungle Ventures, according to a DealStreetAsia report.

Turtlemint said it will use the money to expand its distribution reach and to develop more products in India.

Founded in 2015, Turtlemint has built a network of over 1,000,000 insurance advisers and has partnerships with more than 30 insurers, including HDFC Life, HDFC Ergo, ICICI Lombard, New India Assurance, and Reliance General Insurance.

Join Insurance Asia community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Exclusives

Natural disasters steer Asia Pacific towards parametric insurance
Swiss Re gives importance to parametric insurance amidst challenges like basis risk and modelling complexities.
Insurance
InterContinental Singapore is saving insurance for a rainy day
NUS Professor Charoenwong discusses the effectiveness and value of a Singaporean hotel’s rain insurance offer.