# Tortoise Systems Private

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/tortoise-systems-private

- Industry: Financial Services
- Headquarters: Bangalore, India
- Website: www.tortoise.pro
- Total disclosed funding: $3.8M
- Latest round: Seed (Oct 8, 2022)
- Investors on record: 3

## About

Based in Bangalore, India, and founded in 2020 by CEO Vardhan Koshal, Tortoise Systems Private Limited provides users with a safe and rewarding solution to plan and save for a big purchase in the near future. In April 2022, Tortoise Systems Private Limited raised USD 2.3 million in seed funding led by Vertex Ventures US, with participation from Better Capital and Cloud Capital. 

The company provides features for users to choose a merchant partner from the company's list of available partners and allows them to save money by putting aside small amounts frequently for the next 3 to 11 months. The user will also get a 5% cashback against the total value of the plan and will be able to encash this once they have made the purchase. The company also provides cashback for users that they can earn by participating in quizzes and games.

The company plans to use the seed funds to partner with more brands and merchants to provide wider options for customers to save up and make ‘Save Now, Buy Later’ a viable option for better returns instead of the ‘Buy Now, Pay Later’ model.

## Funding rounds

- Seed, Oct 8, 2022, $1.5M — Better Capital, Vertex Ventures
- Seed, Apr 4, 2022, $2.3M — Better Capital, Vertex Ventures, Cloud Capital

## Investors

- Better Capital — Seed
- Vertex Ventures (https://capitalatlas.ai/funds/vertex-ventures) — Seed
- Cloud Capital — Seed