India insurtech Turtlemint nears unicorn status in latest funding round

It recently raised $120m in a Series E funding round.

India insurtech startup Turtlemint has edged closer to the coveted ‘unicorn’ status as it raised $120m in a Series E funding round bringing its total funding to around $900m to $950m, reports said.

The Series E funding round was led by Amansa Capital, Jungle Ventures, and Nexus Venture Partners, with several early investors participating.

Turtlemint aims to use the fresh funds to expand its reach in other markets, particularly in Southeast Asia and the Middle East as well as invest more in its underwriting, distribution, and claims technology.

Founded in 2015, Turtlemint is led by co-founders Dhirendra Mahyavanshi and Anand Prabhudesai. Turtlemint’s platform allows financial advisors to understand the needs of its customers and distribute insurance products to them.

You may also like:

Taiwan life insurance industry YoY profits drops by 25% in March

ZhongAn to improve profitability and maintain solid capitalisation—analyst

COMMENTARY: Hong Kong insurers step up to seize opportunities in Greater Bay Area

Follow the link for more news on

Turtlemint

Turtlemint Funding Round

Also Read

Tokio Marine Kiln appoints new marine leader for APAC

Foreigners in India buying insurance climbs 50%

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!

I want to download the media kit