Turtlemint - About the company
Turtlemint is a public company based in Mumbai (India), founded in 2015 by Anand Rohidas Prabhudesai, Dhirendra Nalin Mahyavanshi and Kunal Shah. It operates as a Provider of platform for comparing and purchasing insurance, loans, and funds. Turtlemint has raised $220M in funding from investors like Peak XV Partners, Nexus Venture Partners and American Family Ventures. The company has 693 active competitors, including 98 funded and 121 that have exited. Its top competitors include companies like Policybazaar, NerdWallet and EverQuote.
Company Details
Provider of platform for comparing and purchasing insurance, loans, and funds. It offers tools for advisors to manage clients and grow their businesses. The platform provides access to insurance, investment, and credit products. It also delivers training and support for advisors, including product information and sales skills development. The platform further offers solutions for banks, e-commerce businesses, and insurers.
- Website
- www.turtlemint.com/
- Social
- Email ID
- *****@turtlemint.com
- Phone Number
- +91 **********
- Registered Address
- The ORB - Sahar 4-B, 1st Floor, A Wing, Marol Village, Andheri East., Mumbai City, Mumbai, Maharashtra, India, 400099
Key Metrics
Founded Year
2015
Location
Mumbai, India
Stage
Public
Total Funding
$220M in 9 rounds
Latest Funding Round
Investors
Ranked
3rd among 693 active competitors
Annual Revenue
₹500 - ₹1,000 Cr as on Mar 31, 2025
Employee Count
972 as on Mar 31, 2025
Investment & Acquisitions
Similar Companies
Exit Details
Public
Legal entities associated with Turtlemint
Turtlemint is associated with 3 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
Turtlemint Insurance Broking Services Private Limited CIN: U66000MH2013PTC249565 , India, Active | Oct 24, 2013 | ₹500 - ₹1,000 Cr (As on Mar 31, 2025) | 1412 (As on May 01, 2026) | |
TURTLEMINT FINTECH SOLUTIONS LIMITED CIN: U74999MH2015PLC263315 , India, Active | Apr 07, 2015 | ₹500 - ₹1,000 Cr (As on Mar 31, 2025) | 1114 (As on Aug 31, 2025) | |
TURTLEMINT MUTUAL FUNDS DISTRIBUTORS PRIVATE LIMITED CIN: U67190MH2019PTC319669 , India, Active | Jan 16, 2019 | 0 - ₹10 Cr (As on Mar 31, 2025) | 25 (As on Mar 01, 2026) |
Turtlemint's IPO details
Turtlemint got listed on Jun 29, 2026.
Click here to take a look at Turtlemint's IPO in detail
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Turtlemint's funding and investors
Turtlemint has raised a total funding of $220M over 9 rounds. Its first funding round was on Apr 29, 2015. Its latest funding round was a Series E round on Apr 29, 2022 for $*****. 10 investors participated in its latest round. Turtlemint has 16 institutional investors and 1 angel investor.
Here is the list of recent funding rounds of Turtlemint:
Filter this list
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Apr 29, 2022 | 3901067 | Series E | 5607638 | 5564371 | 4704394 | 7339568 |
Mar 09, 2021 | 3947713 | Series D | 3749060 | 8893018 | 1320959 | 6253213 |
Nov 17, 2020 | 2275682 | Series D | 6037819 | 2016850 |
Access funding benchmarks and valuations. Sign up today!View details of Turtlemint's funding rounds and investors
Turtlemint's founders and board of directors
Founder? Claim ProfileThe founders of Turtlemint are Anand Rohidas Prabhudesai, Dhirendra Nalin Mahyavanshi and Kunal Shah. Dhirendra Nalin Mahyavanshi is the CEO of Turtlemint.
Here are the details of Turtlemint's key team members:
- Anand Rohidas Prabhudesai: Co-Founder of Turtlemint and founder of 5 other companies, including Turtlefin, Turtlefin and Turtlemint. They serve on the boards of 2 companies.Contact Info: 2 email addresses and 1 phone number
- Dhirendra Nalin Mahyavanshi: Co-Founder & CEO of Turtlemint and founder of 3 other companies, Turtlefin, Turtlefin and Mintpro. They serve on the board of 1 company.Contact Info: 1 phone number
- Kunal Shah: Former Co-Founder of Turtlemint and founder of 2 other companies, Mintpro and PlanMyCash. They are also an angel investor in 1 startup.
Turtlemint's Board of Directors
Turtlemint's board has 3 active members. Anand Rohidas Prabhudesai and Dhirendra Nalin Mahyavanshi are part of team and Vilas Dattatraya Gandre is independent board member.Here is the list of Turtlemint's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Team | - | Current | 11y 3m | |
Team | - | Current | 0y 11m | |
Independent board member | - | Current | 3y 3m |
View details of Turtlemint's Founder profiles and Board Members
Turtlemint's employee count trend
Turtlemint has 972 employees as of Mar 25. Here is Turtlemint's employee count trend over the years:
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Turtlemint's Competitors and alternates
Top competitors of Turtlemint include Policybazaar, NerdWallet and EverQuote. Here is the list of Top 10 competitors of Turtlemint, ranked by Tracxn score:
Get insights and benchmarks for competitors of 2M+ companies! Sign up today!
Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st |  Policybazaar 2008, Gurugram (India), Late Stage | Online marketplace for purchasing various types of insurance policies | - | 76/100 | |
2nd |  NerdWallet 2009, San Francisco (United States), Public | App-based comparison platform for financial products | $123M | 76/100 | |
3rd |  Turtlemint 2015, Mumbai (India), Public | Provider of platform for comparing and purchasing insurance, loans, and funds | $220M | 82/100 | |
4th | EverQuote 2011, Cambridge (United States), Public | Online comparison platform for automotive & other insurances | $37.6M | 74/100 | |
5th |  Insurify 2013, Cambridge (United States), Series B | Online comparison platform for car insurance | $154M | 72/100 | |
6th | Policygenius 2014, New York City (United States), Acquired | App-based insurance comparison platform for individuals | $288M | 72/100 | |
7th | Meilleurtaux 1999, Paris (France), Acquired | App-based comparison platform for life and non-life insurance & loans | $22M | 71/100 | |
8th | Confused.com 2002, Cardiff (United Kingdom), Public | App-based comparison platform for life and P&C insurances | - | - | 71/100 |
9th |  PB Fintech 2008, Gurugram (India), Public | Provider of an online platform offering insurance and lending products through its flagship brands | $443M | 68/100 | |
10th | Operator of online platform providing comparison services for insurance and finance | - | 68/100 |
Get insights and benchmarks for competitors of 2M+ companies! Sign up today!Looking for more details on Turtlemint's competitors? Click here to see the top ones
Turtlemint's Latest cap tables and shareholding
Founders own 18.37%, Funds (largest shareholder) own 77.00%, Enterprises own 1.78% and Angels own 0.12%. The net worth of Turtlemint's founders is INR 1,180Cr as of May 30, 2022.
Shareholders Name | Post Round Holding % | Net worth | Cumulative Investment | Realised Returns | Unrealised Returns | Return Multiple |
|---|---|---|---|---|---|---|
Founder | 18.37% | 1,180Cr | 6127703 | 5610128 | 5660631 | 5466903 |
4849004 | 8047115 | 8068037 | 6695906 | 4938783 | 8634939 | |
2987074 | 5613981 | 3395116 | 2028285 | 8197425 | 7239270 | |
4 | 3 | 6 | 4 | 4 | 8 | |
Fund | 77.00% | 4,940Cr | 5696711 | 9729054 | 6607608 | 6126017 |
8072 | 8268 | 7648 | 5401 | 1933 | 9311 | |
944 | 212 | 981 | 686 | 991 | 935 | |
98 | 41 | 38 | 95 | 94 | 48 | |
91 | 36 | 59 | 89 | 91 | 92 | |
68 | 18 | 70 | 69 | 91 | 50 | |
83 | 95 | 95 | 33 | 68 | 69 | |
Enterprise | 1.78% | 114Cr | 5 | 7 | 8 | 2 |
Angel | 0.12% | 7.72Cr | 0 | 0 | 0 | 0 |
Other People | 0.02% | 1.58Cr | 0 | 0 | 0 | 0 |
ESOP Pool | 2.71% | 174Cr | 22 | 84 | 26 | 18 |
Total | 100.00% | 6,420Cr | 1452754 | 4245896 | 1130125 | 3870548 |
To unlock detailed Cap Table of Turtlemint Sign up today!Notes: The column Net Worth represents the net worth of investments made by that entity, as per the latest cap table.
DisclaimerView more details of Turtlemint's Shareholding
Turtlemint's Investments and acquisitions
Turtlemint has acquired IOPhysics Systems. Turtlemint has not made any investments as of now.Reports related to Turtlemint
Here is the latest report on Turtlemint's geography:
News related to Turtlemint
Filter this listMedia has covered Turtlemint for a total of 18 events in the last 1 year, 7 of them have been about company updates.
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India records two fintech unicorns, two IPOs and seven acquisitions in H1 2026: ReportIndiatimes•Jul 23, 2026•Turtlemint
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Turtlemint turns profitable in Q4; revenue jumps 57% to Rs 1,098 Cr in FY26Entrackr•Jul 18, 2026•Turtlemint
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India’s fintech sector raises $2 billion in Jan-June, up 42 pc YoYSocialNews.xyz•Jul 16, 2026•Turtlemint
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Turtlemint Fintech Shares List at 11% Discount to IPO Price in Weak Market DebutMoneycontrol•Jun 29, 2026•Turtlemint
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Turtlemint Fintech Solutions IPO Subscribed 49% on Day 2; Grey Market Premium (GMP) FlatMoneycontrol•Jun 22, 2026•Turtlemint
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Turtlemint Bets on Smaller Towns as India's Insurance Market ExpandsCNBC-TV18•Jun 18, 2026•Turtlemint
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Turtlemint Fintech to invest in tech, cloud infra to drive growthMoneycontrol•Mar 27, 2026•Turtlemint
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FAQs about Turtlemint
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