# Turtlemint Insurance Services Private

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/turtlemint-insurance-services-private

- Industry: Insurance
- Headquarters: Mumbai, India
- Website: www.turtlemint.com
- Total disclosed funding: $191M
- Latest round: Series E (Apr 29, 2022)
- Investors on record: 13

## About

Founded by Anand Prabhudesai, Dhirendra Mahyavanshi, and Kunal Shah in 2015 and based in Thane, India, Turtlemint Insurance Services Private Limited operates an online personalized insurance platform called Turtlemint that compares different car insurance, bike insurance, health insurance, and life insurance providers. In April 2022, the firm raised INR 9.18 billion in Series E funding co-led by returning investors Jungle Ventures and Nexus Venture Partners and investor Amansa Capital, with participation from other investors Marshall Wace and Vitruvian Partners. 

The company provides a platform Turtlemint and sells different insurance policies for car, bike, health, and life. It also offers an advisory team available on chat, phone, and in-person to help users with purchases and claims. Furthermore, the company has partnered with Adithya Birla Capital, Bajaj Allianz, Digit, Nippon Life Insurance, and more.

As for car insurance, it offers six different insurance types which are third-party car, comprehensive car, standalone own-damage car, zero depreciation car, taxi, and used car. Similarly, its bike insurance policies cover third-party bike, comprehensive bike, zero depreciation bike, add-on cover, and stand-alone own damage. Moreover, it offers health insurance plans including family health insurance plans, senior citizen health insurance, critical illness insurance, Mediclaim policy, coronavirus health insurance, and health insurance tax benefit. Additionally, types of life insurance include term insurance policy, money back policy, and endowment policy.

## Funding rounds

- Series E, Apr 29, 2022, $120M — Vitruvian Partners, Marshall Wace, Nexus Venture Partners, Jungle Ventures, Amansa Capital
- Series D, Mar 9, 2021, $16M — Jungle Ventures
- Series D, Nov 17, 2020, $30M — Hong Shan, Granite Asia, Nexus Venture Partners, Crescent Enterprises, Blume Ventures, Dream Incubator, American Family Ventures, MassMutual Ventures, Trifecta Capital
- Series B, Jan 16, 2019, $25M — Hong Shan, Nexus Venture Partners, Blume Ventures
- Seed, Feb 5, 2016 — Nexus Venture Partners, Blume Ventures

## Investors

- Nexus Venture Partners (https://capitalatlas.ai/funds/nexus-venture-partners) — Seed, Series B, Series D, Series E
- Blume Ventures (https://capitalatlas.ai/funds/blume-ventures) — Seed, Series B, Series D
- Hong Shan — Series B, Series D
- Granite Asia (https://capitalatlas.ai/funds/granite-asia) — Series D
- Crescent Enterprises — Series D
- Dream Incubator (https://capitalatlas.ai/funds/dream-incubator) — Series D
- American Family Ventures (https://capitalatlas.ai/funds/american-family-ventures) — Series D
- MassMutual Ventures (https://capitalatlas.ai/funds/massmutual-ventures) — Series D
- Trifecta Capital (https://capitalatlas.ai/funds/trifecta-capital) — Series D
- Jungle Ventures (https://capitalatlas.ai/funds/jungle-ventures) — Series D, Series E
- Vitruvian Partners (https://capitalatlas.ai/funds/vitruvian-partners) — Series E
- Marshall Wace (https://capitalatlas.ai/funds/marshall-wace) — Series E
- Amansa Capital (https://capitalatlas.ai/funds/amansa-capital) — Series E