Insuretech platform Turtlemint raises $30 million

Date posted: Thursday 19 November 2020

Insuretech start-up Turtlemint has raised $30 million in a funding round led by GGV Capital. New investors American Family Ventures, MassMutual Ventures and SIG, along with existing investors Sequoia Capital India, Blume Ventures, Nexus Venture Partners, Dream Incubator and Trifecta Capital also participated in the round. The funds raised will be utilized to boost insurance and financial product penetration at the grassroots by investing in cutting-edge technology solutions, significantly scaling geographic penetration in tier 2-3 towns and upskilling advisors and customers through training and content.

(Live Mint)