Insurtech platform Turtlemint raises $120 million in Series E funding

Insurtech start-up Turtlemint has raised $120 million in jts Series E fundraise led by Amansa Capital, Jungle Ventures and Nexus Venture Partners. The round also saw participation from new investors Vitruvian Partners and Marshall Wace, along with other existing investors.

This brings the total funding raised by the company since inception to $190 million. According to reports, the latest funding round has valued Turtlemint at more than $900 million. The company intends to use the fresh funds to expand in new geographies, scale its leadership team and strengthen its product stack.

Founded in 2015 by Dhirendra Mahyavanshi and Anand Prabhudesai,