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Indian Insurtech platform Turtlemint closes Series D at $46m after Jungle Ventures funding

Indian Insurtech platform Turtlemint closes Series D at $46m after Jungle Ventures funding Photo: Reuters March 9, 2021 InsurTech platform Turtlemint said it has raised funding from Singapore-based Jungle Ventures, its first investment in the category, bringing the startup’s Series D fundraising to a close at $46 million. The funds will be used to boost insurance distribution and innovation in India, the company said in a statement. “This is our first investment in the Insurance tech space in India and we are very excited to partner with the team at Turtlemint. Micro entrepreneurs are the backbone of the Indian economy and we see Turtlemint playing a huge role in making them more digitally inclusive. India lags behind in improving the depth and breadth of insurance coverage and the recent initiatives by the government are in the right direction,” said Amit Anand, Founding Partner, Jungle Ventures.

Jungle, Sequoia, others invest $46 mln in insurance distributor Turtlemint

Jungle, Sequoia, others invest $46 mln in insurance distributor Turtlemint
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Union Budget 2021: Facilitation of collateral-free capital, ease of compliances key for economy

The pandemic has impacted all sectors and most of them are now limping back to normalcy FP Staff January 31, 2021 23:35:40 IST Funding fintechs. Image courtesy CNBC-TV18 Ahead of Union Budget 2021, entrepreneurs across sectors said they believe this is an opportune time for the government to try to rationalise GST rates, compliance processes, FDI policies and ride the buoyancy revenue curves to make it a win-win situation. The pandemic has impacted all sectors and most of them are now limping back to normalcy. In these trying times, backed by government measures and reforms, entrepreneurs shared their concerns and suggested ways to Firstpost about how Budget 2021 could help them get back to their feet sooner.

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