Tortoise - About the company
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 434 active competitors, including 56 funded and 47 that have exited. Its top competitors include companies like ePassi, Businessolver and Bswift.
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
Post Money Valuation
$***** as on Jun 01, 2023
Investors
Ranked
32nd among 434 active competitors
Annual Revenue
0 - ₹10 Cr as on Mar 31, 2025
Employee Count
33 as on Sep 30, 2026
Legal entities associated with Tortoise
Tortoise is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Reports |
|---|---|---|---|---|
TORTOISE SYSTEMS PRIVATE LIMITED CIN: U72900KA2020PTC141674 , India, Active | Dec 01, 2020 | 0 - ₹10 Cr (As on Mar 31, 2025) | - |
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Tortoise's funding and investors
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 | 9999925 | Seed | 4486598 | 8654618 | 6401972 | 6619025 |
Sep 01, 2022 | 6456884 | Seed | 4271820 | 2161014 | 5245745 | 5991604 |
Mar 23, 2022 | 2869795 | Seed | 5975163 | 1132921 |
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Tortoise's founders and board of directors
Founder? Claim ProfileHere 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 |
|---|---|---|---|---|
Team | - | Current | 5y 10m | |
Team | - | Current | 5y 10m | |
Team | - | Current | 4y 2m |
View details of Tortoise's Founder profiles and Board Members
Tortoise's employee count trend
Tortoise has 33 employees as of Sep 26. Here is Tortoise's employee count trend over the years:
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Tortoise's Competitors and alternates
Top competitors of Tortoise include ePassi, Businessolver and Bswift. Here is the list of Top 10 competitors of Tortoise, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Online payment solution for businesses | $45.4M | 74/100 | ||
2nd | Businessolver 1998, West Des Moines (United States), Late Stage | Cloud-based employee benefits administration solution | $65.2M | 74/100 | |
3rd | Bswift 1996, Chicago (United States), Acquired | Provider of benefits administration solutions for enterprises | $51M | 69/100 | |
4th |  Bennie 2019, New York City (United States), Series A | Provider of employee benefits platform and brokerage services for employers | $100M | 64/100 | |
5th | Ease 1994, San Francisco (United States), Acquired | Cloud-based platform for employee benefits administration | $60M | 64/100 | |
6th | Empyrean 2006, Houston (United States), Acquired | Provider of employee benefits solutions for enterprises | $56M | 63/100 | |
7th |  Forma 2017, Fremont (United States), Series B | Provider of platform for managing flexible employee benefits and spending accounts | $57.6M | 62/100 | |
8th |  PTO Exchange 2013, Woodinville (United States), Seed | Provider of a platform enabling employees to exchange paid time off | $8.4M | 60/100 | |
9th |  Nayya 2010, New York City (United States), Series C | Provider of an AI platform optimizing employee health and wealth benefits | $106M | 59/100 | |
10th |  Benefitfocus 2000, Charleston (United States), Acquired | Provider of software for benefits administration and health plan management | - | 59/100 | |
32nd | Provider of employee device leasing and benefit management solutions | $3M | 47/100 |
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Tortoise's Investments and acquisitions
Tortoise has made no investments or acquisitions yet.
Reports related to Tortoise
Here is the latest report on Tortoise's sector:
News related to Tortoise
•
Tortoise Receives ‘Undisclosed Amount’ From Swiggy, ZestMoneyIndia.com•Sep 01, 2022•Tortoise, Vertex Ventures, Temasek
•
•
Fintech App Tortoise Launches Exclusive SNBL Offer on Upcoming IphoneFinancial IT•Aug 01, 2022•Tortoise, Imaginestore
•
Vertex Ventures Leads $2.3 Mn Funding In ‘Save Now, Buy Later’-Focused Fintech Startup TortoiseInc42•Apr 05, 2022•Tortoise, Vertex Ventures, Vertex Holdings, Better Capital and 1 other
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