Turtlemint Listed
Turtlemint is a Mumbai-based insurtech platform and self-described "tech-enabled middleman that connects customers, insurance advisors, and insurers." It distributes motor, health, life and term insurance through a network of advisors (PoSPs) using its TurtlemintPro app, and has since expanded into B2B insurance SaaS (Turtlefin) and mutual fund distribution (Turtlemint Money). Turtlemint listed on the NSE and BSE in June 2026.
Valuation
Returns
Per share
Growth · year on year
Ownership
Price and ratios are compiled from the exchange and third-party market data, cached and refreshed through the day — they are not Atlas facts and are not investment advice. Where a ratio is computed on more than one basis (for example standalone versus trailing-twelve-month), each is shown separately rather than averaged into a single number.
How this score is calculated
| Measure | Value | Scores | Source |
|---|---|---|---|
| P/E What the market pays for each rupee of earnings. Lower is cheaper — but a low P/E can also mean the market expects earnings to fall. |
0.00 | 100/100 | Market data |
| P/B Price against book value. Most meaningful for banks and asset-heavy businesses; software and consumer brands trade high here for good reasons. |
4.46 | 50/100 | Market data |
| ROE Return on equity — profit generated per rupee of shareholder capital. Sustained high ROE is the clearest single marker of a good business. |
-32.87 | 0/100 | Market data |
| ROCE Return on capital employed — the same idea including debt, so it is harder to flatter with leverage. |
-30.38 | 0/100 | Market data |
| Profit growth Year-on-year growth in profit. Weighted above sales growth because profitable growth is the harder thing to do. |
19.94 | 75/100 | Market data |
| Sales growth Year-on-year growth in revenue. |
-58.59 | 0/100 | Market data |
| Revenue growth · filed Year-on-year revenue growth computed from the fiscal-year figures we filed ourselves and cited to a real disclosure, not a market data feed. |
-31.30 | 0/100 | Atlas |
| Profit trend · filed Whether profit is improving, from the same filed figures. A swing from loss to profit scores highest; a swing from profit into loss scores lowest; a narrowing loss still scores better than a widening one. |
Loss narrowed | 55/100 | Atlas |
| Promoter holding How much of the company its founders and controlling group still own. Higher usually means their money moves with yours. |
13.21 | 25/100 | Market data |
The Atlas Score is our own arithmetic on the published figures above — nothing is hidden and nothing is bought in. It weighs quality and growth at 30% each, valuation at 25% and ownership at 15%, scoring each measure against fixed bands. Growth blends third-party market data with the fiscal-year figures we file and cite ourselves, so a company we have researched more deeply scores on richer evidence. A measure we could not fetch is left out of the average rather than counted as a zero. It is a summary of the numbers, not a recommendation, not a price target, and not advice about your circumstances.
Turtlemint: Funding Rounds
| Date | Round | Amount | Investors | Source |
|---|---|---|---|---|
| 29 Apr 2022 | Series E | $120 Mn | Amansa Capital Jungle Ventures Nexus Venture Partners Marshall Wace Vitruvian Partners | source |
| 9 Mar 2021 | Series D | $46 Mn | American Family Ventures GGV Capital MassMutual Ventures SIG Blume Ventures Dream Incubator Jungle Ventures Nexus Venture Partners Sequoia Capital India Trifecta Capital | source |
| 16 Jan 2019 | Series B | $25 Mn | Sequoia Capital India Blume Ventures Nexus Venture Partners | source |
| 5 Feb 2016 | Series A | $2.5 Mn | Blume Ventures Nexus Venture Partners | source |
Acquisitions
| Date | Acquirer | Acquired | Amount | Source |
|---|---|---|---|---|
| 1 May 2024 | Turtlemint | Turtlemint Insurance Broking Services | Undisclosed | source |
| 24 Feb 2023 | Turtlemint | Last Decimal | Undisclosed | source |
| 16 Nov 2021 | Turtlemint | IOPhysics Systems | Undisclosed | source |
News on Turtlemint
L Litmus · by Lapaas
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Who founded Turtlemint?
Turtlemint was founded by Dhirendra Nalin Mahyavanshi, Anand Rohidas Prabhudesai, Kunal Shah in 2015.
How much funding has Turtlemint raised?
Turtlemint has raised $193.5 Mn across 4 tracked funding round(s), most recently on 2022-04-29. Figures are compiled from cited public sources.
Who are the investors in Turtlemint?
Investors in Turtlemint include Amansa Capital, Jungle Ventures, Nexus Venture Partners, Marshall Wace, Vitruvian Partners, American Family Ventures, GGV Capital, MassMutual Ventures.
What does Turtlemint do?
Turtlemint is a Mumbai-based insurtech platform and self-described "tech-enabled middleman that connects customers, insurance advisors, and insurers." It distributes motor, health, life and term insurance through a network of advisors (PoSPs) using its TurtlemintPro app, and has since expanded into B2B insurance SaaS (Turtlefin) and…
Where is Turtlemint headquartered?
Turtlemint is headquartered in Mumbai, Maharashtra, India.
What is Turtlemint's business model?
Turtlemint's core value proposition centers on Tech-enabled insurance intermediary, Trains advisors in small cities/towns, Wide insurer choice via one platform.
How does Turtlemint make money?
Turtlemint's cited revenue streams include Insurance commissions, Marketing fees from insurers (historical/legacy model), B2B SaaS/API fees (Turtlefin).