When was Tortoise founded?

Tortoise was founded in 2020 and raised its 1st funding round 2 years after it was founded.

Where is Tortoise located?

Tortoise is headquartered in Bengaluru, India. It is registered at Plot no. #128/P-2, EPIP Industrial Area Whitefield Sonnenahalli Village, Bangalore, Bangalore, Karnataka, India, 560048.

Which legal entities is Tortoise associated with?

Tortoise is associated with TORTOISE SYSTEMS PRIVATE LIMITED.

How many employees does Tortoise have?

As of Aug 31, 2026, the latest employee count at Tortoise is 33.

Is Tortoise a funded company?

Tortoise is a funded company, having raised a total of $3M across 3 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Mar 23, 2022.

How much is Tortoise worth?

The latest valuation of Tortoise is $***** as of Jun 01, 2023.

When was the latest funding round of Tortoise?

Tortoise's latest funding was a $***** Seed round on Oct 04, 2022, with participation from 1 investor. Its primary sector is HRTech. In India, the HRTech sector has seen $41.6M in funding in 2026 to date.

What is the annual revenue of Tortoise?

Annual revenue of Tortoise is less than ₹10 Cr as on Mar 31, 2025

Where does Tortoise rank among its competitors?

Tortoise ranks 45th amongst 512 active competitors, of which 74 are funded. It stands 10th in terms of total funding among its competitors. The most recent competitor to raise funding was Beam, which secured $24M in Jul, 2025.

Who are the top competitors of Tortoise?

Tortoise's top competitors include Swile, Wright Express and Businessolver. Among them, Beam secured the most recent funding round in July, 2025.

Tortoise - 2026 Company Profile, Team, Funding, Competitors & Financials

Tortoise is a seed company based in Bengaluru (India), founded in 2020 by Vardhan Koshal, Surya Harsha Nunnaguppala and Nikhil Joy. It operates as a Provider of employee device leasing and benefit management solutions. Tortoise has raised $3M in funding from Vertex Ventures, with a current valuation of $*****. The company has 512 active competitors, including 74 funded and 64 that have exited. Its top competitors include companies like Swile, Wright Express and Businessolver.

Company Details

Provider of employee device leasing and benefit management solutions. This company offers a streamlined platform for businesses to administer employee device benefits. The platform manages device selection, approval workflows, payroll deductions, and provides device insurance. It integrates with various HR and payroll systems, offering a streamlined experience for both employees and HR teams.

Website: www.tortoise.pro/
Social
Email ID: *****@tortoise.pro
Phone Number: +91 **********
Registered Address: Plot no. #128/P-2, EPIP Industrial Area Whitefield Sonnenahalli Village, Bangalore, Bangalore, Karnataka, India, 560048

Key Metrics

Founded Year

2020

Location

Bengaluru, India

Stage

Seed

Total Funding

$3M in 3 rounds

Latest Funding Round

Seed, Oct 04, 2022, $*****

Post Money Valuation

$***** as on Jun 01, 2023

Investors

Vertex Ventures & 29 more

Ranked

45^th among 512 active competitors

Annual Revenue

0 - ₹10 Cr as on Mar 31, 2025

Employee Count

33 as on Aug 31, 2026

Similar Companies

Swile & 576 more

View Tortoise's full profile

Tortoise is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
TORTOISE SYSTEMS PRIVATE LIMITED CIN: U72900KA2020PTC141674 , India, Active	Dec 01, 2020	0 - ₹10 Cr (As on Mar 31, 2025)	-

Tortoise has raised a total funding of $3M over 3 rounds. Its first funding round was on Mar 23, 2022. Its latest funding round was a Seed round on Oct 04, 2022 for $*****. 1 investor participated in its latest round. Tortoise has 8 institutional investors and 22 angel investors.

Here is the list of recent funding rounds of Tortoise:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Oct 04, 2022	8623557	Seed	7289759	3154269	8580115	1989476
Sep 01, 2022	8258361	Seed	5786082	2933913	9721560	6608725
Mar 23, 2022	7389732	Seed	9820267	6247332	Vertex Ventures	Better Capital & 18 more

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View details of Tortoise's funding rounds and investors

The founders of Tortoise are Vardhan Koshal, Surya Harsha Nunnaguppala and Nikhil Joy.

Here are the details of Tortoise's key team members:

Vardhan Koshal: Co-Founder & CEO of Tortoise and founder of 2 other companies, Tortoise and Ridingo. They serve on the board of 1 company.
Contact Info: 1 email address and 1 phone number
Surya Harsha Nunnaguppala: Co-Founder & CTO of Tortoise and founder of 1 other company. They serve on the board of 1 company.
Contact Info: 1 email address and 1 phone number
Nikhil Joy: Co-Founder of Tortoise. They serve on the board of 1 company.
Contact Info: 1 email address and 1 phone number

Tortoise's Board of Directors

Tortoise's board has 3 active members. Vardhan Koshal, Surya Harsha Nunnaguppala and Nikhil Joy are part of team.

Here is the list of Tortoise's board of directors:

Name	Type	Representing	Status	Duration
Vardhan Koshal	Team	-	Current	5y 9m
Surya Harsha Nunnaguppala	Team	-	Current	5y 9m
Nikhil Joy	Team	-	Current	4y 1m

View details of Tortoise's Founder profiles and Board Members

Tortoise's employee count trend

Tortoise has 33 employees as of Aug 26. Here is Tortoise's employee count trend over the years:

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Top competitors of Tortoise include Swile, Wright Express and Businessolver. Here is the list of Top 10 competitors of Tortoise, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Swile 2016, Paris (France), Series D	Provider of employee benefits and expense management via a smartcard	$328M	Index Ventures, SoftBank Group & 11 others	79/100
2nd	Wright Express 1983, Portland (United States), Public	Provider of fleet management, employee benefits, and business payment solutions	-	Warburg Pincus, NewStar Financial & 5 others	73/100
3rd	Businessolver 1998, West Des Moines (United States), Late Stage	Cloud-based employee benefits administration solution	$65.2M	JMI Management, Warburg Pincus & 5 others	72/100
4th	Alight 2015, Lincolnshire (United States), Public	Provider of technology-enabled solutions for health, wealth, and human capital	$10.5M	Caterpillar, ADIA & 3 others	72/100
5th	ePassi 2007, Espoo (Finland), Acquired	Online payment solution for businesses	$45.4M	First Fellow Partners, Bregal Milestone & 2 others	72/100
6th	Bswift 1996, Chicago (United States), Acquired	Provider of benefits administration solutions for enterprises	$51M	Great Hill Partners, Francisco Partners & 1 others	72/100
7th	Zenefits 2013, Tempe (United States), Acquired	Cloud-based platform for HR and payroll management solutions	$598M	Andreessen Horowitz, Fidelity Investments ... & 50 others	70/100
8th	Justworks 2012, New York City (United States), Series E	Benefits administration & payroll management solution for businesses	$148M	Index Ventures, FirstMark & 14 others	70/100
9th	HealthMine 2008, San Francisco (United States), Series C	Provider of technology and services for healthcare member engagement and quality	$75M	Psilos Group, Saints Capital & 4 others	69/100
10th	Beam 2012, Columbus (United States), Acquired	Provider of health insurance solutions for employees	$264M	Georgian, Mercato Partners & 14 others	66/100
45th	Tortoise 2020, Bengaluru (India), Seed	Provider of employee device leasing and benefit management solutions	$3M	Quona, Cloud Capital & 28 others	47/100

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Founders (largest shareholder) own 59.77%, Funds own 25.55%, Angels own 3.91% and ESOP Pool own 10.66%. The net worth of Tortoise's founders is INR 71.3Cr as of Jun 01, 2023.

Shareholders Name	Post Round Holding %	Net worth	Cumulative Investment	Realised Returns	Unrealised Returns	Return Multiple
Founder	59.77%	71.3Cr	9289667	8237017	6653732	1837329
Vardhan Koshal	9395918	7809761	2049609	6220804	1909742	6242459
Surya Harsha Nunnaguppala	5927722	1272072	6414033	8797164	5144514	9851715
Nikhil Joy	4483828	9454228	9528084	9223339	9202954	5524444
Fund	25.55%	30.5Cr	6533428	8249206	5643636	7331685
Vertex Ventures	7280082	6701067	4675116	9813331	5644138	3104394
Better Capital	9173617	3248104	5906576	8273305	6475939	3248637
Angel	3.91%	4.67Cr	845	487	884	217
Ganesh Rengaswamy	0	0	0	0	0	0
Sri Harsha Majety	0	0	0	0	0	0
Elizabeth Chapman	0	0	0	0	0	0
ESOP Pool	10.66%	12.7Cr	6562447	7322014	5939602	6213056
Other Investors	0.11%	13.1L	0	0	0	0
Total	100.00%	119Cr	9366867	1356421	7633229	5830823