InsureTech Startup Turtlemint Raises $25 Mn from Sequoia India
18 Jan 2019 4:59 AM IST
Mumbai-headquartered online insurance distribution platform Turtlemint has closed a $25 million funding round led by Sequoia Capital India along with contribution from existing investors Nexus Venture Partners and Blume Ventures. This startup will use the latest funds to further scale up their digital network across
- Mumbai-headquartered online insurance distribution platform Turtlemint has closed a $25 million funding round led by Sequoia Capital India along with contribution from existing investors Nexus Venture Partners and Blume Ventures.
- Anup Gupta, Managing Director, Nexus Venture Partners, said that the digitization of the insurance value-chain is a huge opportunity and benefits all the participants — customers by providing access to the right products, agents through significant business growth and productivity and insurers through improved transparency.
- Turtlemint competes with MintWise, Coverfox Insurance, and BankBazaar.com.
- Paytm, which began operations in 2010 as a digital wallet service, has now diversified into financial services, and is looking strongly to cash in on insurance premiums.
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