About Turtlemint
Turtlemint is a company based in Mumbai (India) founded in 2015 by Dhirendra Mahyavanshi and Anand Prabhudesai. Turtlemint has raised $220.08 million across 9 funding rounds from investors including Nexus Venture Partners, Marshall Wace and Peak XV Partners. The company has 2,400 employees. Turtlemint has completed 1 acquisition, including IOPhysics Systems. Turtlemint operates in a competitive market with competitors including Policybazaar, InsuranceDekho, PB Fintech, Rubique and Probus Insurance, among others.
- Headquarter Mumbai, India
- Employees 2,400
- Founders Dhirendra Mahyavanshi, Anand Prabhudesai
- Stage Soonicorn
- SectorsFinancial Services
- Website category Finance · Insurance
- Email••••••••
- Phone•••• ••••
- Website turtlemint.com
- Social LinkedIn X Facebook Instagram
- Legal Name Turtlemint Fintech Solutions Limited
- Annual Revenue₹693 Cr
FY 2025 · +482% YoY
- Net Loss-₹194 Cr
FY 2025 · -28% margin
- EBITDA-₹188 Cr
FY 2025 · -27% margin
- Total Equity Funding$220.08M (USD)
in 9 rounds
- Latest Funding Round$120M (USD), Series E
Apr 2022
- InvestorsNexus Venture Partners
& 18 more
- Employee Count2,400
- Investments & Acquisitions
Associated legal entities of Turtlemint
Turtlemint is associated with 4 registered companies on The Company Check; the primary company is Turtlemint Fintech Solutions Limited. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Turtlemint Fintech Solutions Limited CIN U74999MH2015PLC263315 | Active | 07 Apr 2015 | Mumbai, Maharashtra | ₹693 Cr | 720 | 9 | View details |
| Turtlemint Mutual Funds Distributors Private Limited CIN U67190MH2019PTC319669 | Active | 16 Jan 2019 | Mumbai, Maharashtra | ₹9.0 Cr | 24 | 2 | View details |
| Turtlemint Insurance Broking Services Private Limited CIN U66000MH2013PTC249565 | Active | 24 Oct 2013 | Mumbai, Maharashtra | ₹679 Cr | 1,745 | 4 | View details |
| Turtlemint Fintech Solutions Limited Listed CIN L74999MH2015PLC263315 | Active | 07 Apr 2015 | Mumbai, Maharashtra | – | – | 9 | View details |
Funding Insights of Turtlemint
Turtlemint has successfully raised a total of $220.08M across 9 strategic funding rounds. The most recent funding activity was a Series E round of $120 million completed in April 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $220.08M
- Total Rounds 9
- Last Round Series E — $120M
- First Round $2.04M
(Apr 2015)
- Investors Count 19
All 9 funding rounds of Turtlemint with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr 2022 | $120M | Series E | $900M | Amansa Capital, Jungle Ventures | |
| Mar 2021 | $16M | Series D | – | Jungle Ventures | – |
| Nov 2020 | $30M | Series D | – | GGV Capital, American Family Ventures | |
| Aug 2020 | $16.57M | Series C | $154.96M | American Family Ventures | |
| Apr 2020 | $2.97M | Series B | $••••• | Blume Ventures, Nexus Venture Partners | – |
| Dec 2019 | $424,448 | Series B | $••••• | Trifecta Capital | – |
| Jul 2018 | $25.08M | Series B | $••••• | Peak XV Partners, Sequoia Capital | |
| Dec 2016 | $7.01M | Series A | $••••• | Peak XV Partners | |
| Apr 2015 | $2.04M | Seed | $••••• | Blume Ventures |
| Date | Valuation | Stage |
|---|---|---|
| Apr 2022 | $900M | •••••••• |
| Aug 2020 | $154.96M | •••••••• |
| Apr 2020 | $••••• | •••••••• |
| Dec 2019 | $••••• | •••••••• |
| Jul 2018 | $••••• | •••••••• |
| Dec 2016 | $••••• | •••••••• |
| Apr 2015 | $••••• | •••••••• |
Full valuation and stage history of Turtlemint
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
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Last known valuation $900M (Apr 2022). 19 investors in total: 18 institutional and 1 angel.
Investors in Turtlemint
Turtlemint has secured backing from 19 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Nexus Venture Partners, Marshall Wace and Peak XV Partners.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital investments in early and growth-stage companies across Southeast Asia and India, focusing on technology sectors. | – | jungle.vc | - | |
Venture capital firm that partners with entrepreneurs for product-first companies. | 2006 | nexusvp.com | Menlo Park, United States | |
Growth equity investments are directed toward expanding startups across sectors. | – | vitruvianpartners.com | London, United Kingdom | |
Long-short equity strategies are managed through specialized hedge funds. | 1997 | mwam.com | London, United Kingdom | |
Venture capital is invested in cybersecurity, fintech, and AI startups. | – | ggvc.com | Menlo Park, United States | |
Corporate-backed venture capital firm focused on fintech, Insurtech, and multiple sectors | – | amfamventures.com | Madison, United States | |
Multiple sectors are incubated by DI in Vietnam. | – | dreamincubator.com.vn | Ho Chi Minh City, Vietnam | |
Seed and early-stage investments are made across sectors in India. | – | blume.vc | Mumbai, India | |
Corporate-backed venture capital fund | – | massmutualventures.com | Boston, United States | |
Private debt and equity funds are managed for technology sectors. | – | trifectacapital.in | Gurugram, India |
Investor details for Turtlemint
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Board of directors of Turtlemint Fintech Solutions Limited (Turtlemint)
Turtlemint Fintech Solutions Limited is the primary company behind Turtlemint. The boards of the 3 registered companies of Turtlemint currently have 7 directors; the longest-serving is Dhirendra Nalin Mahyavanshi, appointed in 2013. 11 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Dhirendra Nalin Mahyavanshi DIN 06652017 | Director | 24 Oct 2013 | 12 yrs 11 mo | Turtlemint Insurance Broking Services Private Limited, Turtlemint Mutual Funds Distributors Private Limited, Turtlemint Fintech Solutions Limited |
| Vilas Dattatraya Gandre DIN 10061648 | Director | 16 Mar 2023 | 3 yrs 6 mo | Turtlemint Insurance Broking Services Private Limited |
| Anand Rohidas Prabhudesai DIN 07106615 | Director | 21 Feb 2025 | 1 yr 7 mo | Turtlemint Insurance Broking Services Private Limited, Turtlemint Mutual Funds Distributors Private Limited, Turtlemint Fintech Solutions Limited |
| Mohua Sengupta DIN 09092519 | Director | 21 Jul 2025 | 1 yr 2 mo | Turtlemint Fintech Solutions Limited |
| Anup Wadhawan DIN 03565167 | Director | 21 Jul 2025 | 1 yr 2 mo | Turtlemint Fintech Solutions Limited |
| Dinanath Mohandas Dubhashi DIN 03545900 | Director | 21 Jul 2025 | 1 yr 2 mo | Turtlemint Fintech Solutions Limited |
| Alok Chandra Misra DIN 01542028 | Director | 21 Jul 2025 | 1 yr 2 mo | Turtlemint Fintech Solutions Limited |
People of Turtlemint
115 people are tracked at Turtlemint (49 in leadership, 66 in team); the tracked headcount is 2,400.
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
| Co-Founder | Leadership | |
Keyur Kashikar | Director Of Product | Leadership |
Prajakt Deolasee | CTO | Leadership |
Badri Sanjeevi | Chief Financial Officer | Leadership |
Ramesh Babu | Senior Vice President | Leadership |
Chandni Mehta | Senior Director | Leadership |
Navvin Jaiin | Chief Business Officer | Leadership |
Rachana Kayan Agarwal | Business Partner | Leadership |
Harsh Rai | Senior Chief Business Manager | Leadership |
Tanmay Vaidya | Associate Director | Leadership |
Anuj Khurana | Senior Director | Leadership |
Aabhas Aeran | Associate Director | Leadership |
Avanish Shukla | Director Product Solution | Leadership |
Shreya Agarwal | Associate Director | Leadership |
Kranti Raul | Associate Director | Leadership |
Sunny Bhatia | Senior Vice President | Leadership |
Kaustubh Sharma | Area Director | Leadership |
Piyush Thakker | Vp, Product | Leadership |
Swapnil Zambre | Director | Leadership |
95 more people are available in the full profile.
Complete people profiles for Turtlemint
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IPO & Listings of Turtlemint
Turtlemint is a publicly listed company on the NSE with ticker symbol TURTLEMINT in India, operating in the Finance sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
- IPO date29 Jun 2026
- Listed onNSE: TURTLEMINT
- Listed entityTurtlemint Fintech Solutions Limited
- Exchange sectorFinance
- ISININE0OC301013
- Share price₹68.31 (-1.75% on the day) · 2026-10-09
- Market capitalisation₹2,058 Cr
- Volume (last session)656,451
Financials of Turtlemint
Figures of Turtlemint Fintech Solutions Limited, the primary company behind Turtlemint, for FY 2025. Revenue was ₹693 Cr (+482% year on year). Net loss was -₹194 Cr (-28% margin). EBITDA was -₹188 Cr (-27% margin). Revenue has grown at a compounded annual rate of +31% over three years and +40% over five years.
- ₹693 CrRevenue · FY 2025 · +482% YoY
- -₹194 CrNet loss · -28% margin
- -₹188 CrEBITDA · -27% margin
- ₹6.91 CrPaid-up capital
- 720Employees (provident fund records)
- +31%Revenue CAGR, 3 years
- +40%Revenue CAGR, 5 years
| Year | Revenue | Net income | EBITDA |
|---|---|---|---|
| 2025 | ₹1,107 Cr | -₹184 Cr | -₹120 Cr |
| 2024 | ₹690 Cr | -₹194 Cr | -₹158 Cr |
| 2023 | ₹119 Cr | -₹193 Cr | -₹171 Cr |
| 2022 | ₹459 Cr | -₹288 Cr | -₹274 Cr |
Balance sheet, profit and loss, cash flow and ratios of Turtlemint Fintech Solutions Limited are on its company page.
Detailed financial statements for Turtlemint
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Investments & Acquisitions by Turtlemint
Turtlemint has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include IOPhysics Systems.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Cloud data analytics platform | iophysics.com | Pune, India | 2018 | Nov 2021 | •••• |
Complete acquisition details for Turtlemint
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Timeline of Turtlemint
7 dated milestones of Turtlemint across 11 years, from founding to its latest funding, stage changes and deals.
- Founded Turtlemint is founded.
- Funding First funding round of $2.0M.
- Milestone Reaches Minicorn status.
- Acquisition Acquires IOPhysics Systems.
- Funding Latest funding round, Series E, of $120.0M.
- Milestone Reaches Soonicorn status.
- IPO Lists on the stock exchange (IPO).
Competitors of Turtlemint
Turtlemint operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Policybazaar, InsuranceDekho, PB Fintech, Rubique and Probus Insurance, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| policybazaar.com | 2008 | Gurugram, India | – | 24,206 | Insurance plans are compared and purchased via an online marketplace. | |
| insurancedekho.com | 2016 | Gurugram, India | $394.5M | 2,077 | Online insurance policies are compared and purchased through the platform. | |
| pbfintech.in | 2008 | Gurugram, India | $443.26M | 286 | Online platform for insurance and lending products is operated. | |
| rubique.com | 2014 | Mumbai, India | $12.61M | 114 | A digital marketplace hosting a range of financial products. | |
| probusinsurance.com | 2002 | Mumbai, India | $6.7M | 256 | Digital insurance platform offering policy comparison across multiple insurance categories | |
| finhaat.com | 2021 | Mumbai, India | $6.65M | 133 | A B2B platform is provided for distributing financial products. | |
| oneinsure.com | 2008 | Mumbai, India | $3.06M | 692 | Insurance policies are compared and managed via an online platform. |
Detailed competitors of Turtlemint
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Web traffic of Turtlemint
The website of Turtlemint (turtlemint.com) receives about 42.9K visits a month and ranks #853,015 among all websites worldwide, #3,772 in Insurance.
- Monthly visits42.9K
▲ 4.5% vs previous month
- Unique visitors20.3K
per month
- Global rank#853,015
among all websites
- Category rank#3,772
Finance · Insurance
- Bounce rate76%
- Pages per visit1.5
- Average visit1 min 01 sec
- DevicesDesktop 59% · Mobile 41%
Websites whose visitors overlap most with Turtlemint. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| turtlemintpro.com | 100% | 437.2K | #76,394 | View details | |
| godigit.com | 57% | 3.2M | #17,986 | View details | |
| careinsurance.com | 55% | 3.5M | #18,964 | View details | |
| insurancedekho.com | 53% | 757.5K | #60,130 | View details | |
| probusinsurance.com | 53% | 380.8K | #89,417 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for Turtlemint
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Latest news on Turtlemint
Complete news archive for Turtlemint
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Similar companies to Turtlemint
10 companies that operate in the same segment as Turtlemint (Insurance Providers), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
General and life insurance products are provided across multiple categories. | 2016 | Bengaluru, Karnataka, India | USD 466.54 M | USD 1.12 B | 4,530 | |
Insurance products for vehicles, health, travel, and life are offered. | 2016 | Bengaluru, Karnataka, India | USD 655.23 M | USD 216.04 M | 461 | |
Provider of a cloud-based platform for life and P&C insurance | 2015 | New York, New York, United States | USD 643.86 M | USD 615.2 M | 1,240 | |
App-based health insurance is offered to individuals and businesses. | 2016 | Paris, France | USD 863.12 M | – | – | |
Online small business insurance policies are provided. | 2016 | Palo Alto, California, United States | USD 1.2 B | – | – | |
App-based comparison platform for financial products | 2009 | San Francisco, California, United States | USD 123.3 M | USD 836.6 M | 650 | |
Homeowners insurance coverage is delivered via an online platform. | 2015 | Palo Alto, California, United States | USD 709.36 M | USD 468.6 M | 478 | |
Online health insurance is provided to individuals and businesses. | 2012 | New York, New York, United States | USD 1.63 B | USD 11.7 B | 2,400 | |
Insurance plans are compared and purchased via an online marketplace. | 2008 | Gurugram, Haryana, India | – | – | – | |
Provider of protection plans and repair services for gadgets and appliances | 2011 | Mumbai, Maharashtra, India | USD 53.15 M | USD 35.77 M | 336 |
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Frequently Asked Questions about Turtlemint
Turtlemint was founded in 2015.
Turtlemint is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Turtlemint is a funded company, having raised a total of $220.08M across 9 funding rounds to date. The company's 1st funding round was a Seed of $2.04M, raised on Apr 2015.
Turtlemint has 2,400 employees.
The primary company behind Turtlemint, Turtlemint Fintech Solutions Limited, reported revenue of ₹693 Cr for FY 2025, up 482% year on year.
Provider of platform for comparing and purchasing insurance, loans, and funds. It offers tools for advisors to manage clients and grow their businesses. The platform provides access to insurance, investment, and credit products. It also delivers training and support for advisors, including product information and sales skills development. The platform further offers solutions for banks, e-commerce businesses, and insurers.
Turtlemint's top competitors include Policybazaar, InsuranceDekho and PB Fintech.
Yes, Turtlemint is publicly traded on NSE under the ticker symbol TURTLEMINT.
Turtlemint has made 1 acquisition, including IOPhysics Systems.
Turtlemint has 19 investors. Key investors include Nexus Venture Partners, Marshall Wace, Peak XV Partners, Dream Incubator, and Amansa Capital.
The valuation of Turtlemint is $900M as of Apr 2022.
Turtlemint is associated with 3 legal entities: Turtlemint Fintech Solutions Limited, Turtlemint Insurance Broking Services Private Limited, Turtlemint Mutual Funds Distributors Private Limited.