Insurtech firm Turtlemint raises $30 million in Series D round of funding : Good news

Insurtech firm Turtlemint raises $30 million in Series D round of funding

Insurtech stage Turtlemint has made sure about $30 million in its Series D round drove by GGV Capital. American Family Ventures, MassMutual Ventures and SIG alongside existing speculators Sequoia Capital India, Blume Ventures, Nexus Venture Partners, Dream Incubator and Trifecta Capital additionally partook in the round.

The new finances will be used to reinforce its item and venture into level II and level III towns and upskill consultants and clients through preparing and substance, said the organization in a press articulation.

In January a year ago, Sequoia India had driven a $25 million worth Series B round in the Mumbai-based five-year-old firm. It’s important that the timetable of the organization’s Series C round couldn’t be determined.

Established by ex-Quikr chiefs Dhirendra Mahyavanshi and Anand Prabhudesai, Turtlemint associates consultants and clients through its commercial center. In contrast to PolicyBazaar, the stage supplements counsels and causes them to develop their span. It offers outsider protection items across classifications like vehicle, life and wellbeing.

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It has collaborated with 40 safety net providers including Reliance General Insurance, Bajaj Allianz, Digit and ICICI Lombard and cases to serve more than 1.5 million clients. The organization straightforwardly rivals Policybazaar and Coverfox and somewhat with Bankbazaar.

PolicyBazaar has arisen as the pioneer in the protection conglomeration space. SAIF Partners-supported Coverfox appears to have lost the plot as existing sponsor have stayed away to place more capital in the firm. Early this year, its prime supporter and CEO alongside the central innovation official surrendered.


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