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 as of March 31, 2025. 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 2400 as on 31 Mar, 2025
- Founders Dhirendra Mahyavanshi, Anand Prabhudesai
- Stage Soonicorn
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Sectors
Financial Services
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Email
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Phone
*********
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Website
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Social
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Annual Revenue
$14.39 M (USD)-74as on Mar 31, 2024
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Net Profit
-$23.36 M (USD)33as on Mar 31, 2024
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EBITDA
-$20.74 M (USD)37as on Mar 31, 2024
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Total Equity Funding
$220.08 M (USD)
in 9 rounds
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Latest Funding Round
$120 M (USD), Series E
Apr 29, 2022
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Investors
Nexus Venture Partners
& 18 more
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Employee Count
2400
as on Mar 31, 2025
- Investments & Acquisitions
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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 Total Funding
- Total Rounds 9
- Last Round Series E — $120.0M
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First Round
First Round
(29 Apr 2015)
- Investors Count 19
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2022 | Amount | Series E - Turtlemint | Valuation | Amansa Capital , Jungle Ventures | |
| Mar, 2021 | Amount | Series D - Turtlemint | Valuation | Jungle Ventures |
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| Nov, 2020 | Amount | Series D - Turtlemint | Valuation | GGV Capital , American Family Ventures |
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 |
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Venture capital investments in early and growth-stage companies across Southeast Asia and India, focusing on technology sectors.
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Founded Year | Domain | Location | |
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Venture capital firm that partners with entrepreneurs for product-first companies.
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Founded Year | Domain | Location | |
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Growth equity investments are directed toward expanding startups across sectors.
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Founded Year | Domain | Location |
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 Year | Amount |
|---|---|---|---|---|---|
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Cloud data analytics platform
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2018 |
Financial Statements - Turtlemint
Turtlemint Comparisons
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 year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Insurance plans are compared and purchased via an online marketplace.
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| domain | founded_year | HQ Location |
Online insurance policies are compared and purchased through the platform.
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| domain | founded_year | HQ Location |
Online platform for insurance and lending products is operated.
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| domain | founded_year | HQ Location |
A digital marketplace hosting a range of financial products.
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| domain | founded_year | HQ Location |
Digital insurance platform offering policy comparison across multiple insurance categories
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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 Series D of $30M, raised on Apr 29, 2015.
As of Mar 31, 2025, the latest employee count at Turtlemint is 2,400.
Annual revenue of Turtlemint is $14.39M as on Mar 31, 2024.
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.
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.