PE Fund Investments
Insurtech startup Turtlemint raises $120-M
Advisor Disclosure Economic Times
Mumbai-based Insurtech startup Turtlemint has raised USD 120 million in a Series E round led by Amansa Capital, Jungle Ventures and Nexus Venture Partners. The fundraise also saw participation from new backers Vitruvian Partners and Marshall Wace, along with other existing investors. The online platform for buying insurance has closed the current financing round at a USD 900-950 million valuation. Turtlemint intends to use the fresh funds to expand in new geographies, scale its leadership team and strengthen its product line. Ambit advises Turtlemint Insurance.
From the Venture Intelligence PE-VC Deal Database: Between Apr-2015 and Mar-2021, Turtlemint had raised over USD 80 M from Jungle Ventures, GGV Capital, Susquehanna International Group, Nexus Venture Partners, Blume Ventures, Trifecta Capital, Dream Incubator, American Family Ventures, MassMutual Ventures, Sequoia Capital India and Others. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)
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