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Turtlemint raises $120 million from Amansa, Jungle Ventures and others

Turtlemint raises $120 million from Amansa, Jungle Ventures and others

Funding News

Turtlemint raises $120 million from Amansa, Jungle Ventures and others

Insurance technology platform Turtlemint on Friday said it raised USD 120 million in the latest funding round led by Amansa Capital, Jungle Ventures and Nexus Venture Partners.

The fundraise also saw participation from new investors, Vitruvian Partners and Marshall Wace, along with existing investors. With this, the total funding raised by the company since its inception reached USD 190 million, the company said in a statement. “The company intends to use the fresh funds to expand in new geographies, scale its leadership team and strengthen its product stack,” the statement said.

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Founded in 2015 by Dhirendra Mahyavanshi and Anand Prabhudesai, Turtlemint is a digital platform to assist financial advisors understand and distribute insurance to their community of customers. The company, which has expanded in the Middle East recently, is looking to expand in South East Asian markets as well.

“Insurance is an important risk mitigation tool that needs to be universally accessible. However, we believe that access is only one aspect of the insurance purchase journey. Another equally important aspect is informed decision making. Innovation and technology will continue to be the core focus of Turtlemint as we continue to increase our footprints in tier 2, tier 3 cities and beyond,” Mahyavanshi said.

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  1. Pingback: Rising COVID cases early hints of 4th wave; will not impact growth in near-term: Nomura

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