Turtlemint, an insurtech platform, said on April 29 that it has raised $120 million in a Series E round headed by Amansa Capital, Jungle Ventures, and Nexus Venture Partners. Turtlemint's valuation has risen to $900 million following the investment, putting it on the verge of becoming a unicorn. New investors Vitruvian Partners and Marshall Wace, as well as previous investors, participated in the round. This raises the company's total investment to $190 million since its founding. The new funds will be used to grow into new geographies, scale the leadership team, and improve the product stack. After the parent company
Bengaluru: Turtlemint, India’s largest insurance advisor focused InsurTech platform, has announced a $120M Series E fundraise led by Amansa Capital and Jungle Ventures. The round also saw participation from new investors Vitruvian Partners and Marshall Wace, along with other existing investors. This brings the total funding raised by the company since inception to $190 M.