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IPO · Financial Services

Turtlemint files DRHP for IPO

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Turtlemint logo
Date
Company
Turtlemint
What it does
Insurance and financial products platform
Kind
IPO
Sector
Financial Services

What they do

Turtlemint is an online platform to compare and buy insurance, mutual funds, and loans

What happened

It filed a draft red herring prospectus with SEBI, BSE, and NSE for an IPO of equity shares

Why it matters

The company has sold over 1.6 crore policies through 5 lakh advisors and 42 insurers

The details

  • Turtlemint Fintech Solutions Limited filed a draft red herring prospectus (DRHP) with SEBI, BSE, and NSE.
  • The IPO is for equity shares of face value ₹1 each.
  • The company was formerly known as Turtlemint Fintech Solutions Private Limited and earlier Fintech Blue Solutions Private Limited.
  • Turtlemint allows users to compare and buy insurance, mutual funds, and loans online.
  • It has sold over 1.6 crore policies through 5 lakh advisors and 42 insurers.
  • The TurtlemintPro Advisor App helps advisors sell insurance, mutual funds, and loans with marketing tools and training.
  • The Turtlemint Consumer App provides policy tracking, claims handling, and renewal reminders.
  • Turtlefin offers embedded insurance and SaaS solutions for banks, NBFCs, e-commerce, and enterprises.

The bigger picture

  • The company has a large network of advisors and a wide product range.

About the business

  • Turtlemint is an online platform to compare and buy insurance and financial products.
  • It offers health, car, bike, and life insurance, as well as mutual funds and loans.
  • The platform is trusted by 5 lakh advisors and has 42 insurer partners.
  • It has sold over 1.6 crore policies in total.
  • The TurtlemintPro Advisor App provides tools for advisors to sell and manage policies.
  • The Turtlemint Consumer App helps users track policies, handle claims, and get renewal reminders.
  • Turtlefin provides embedded insurance and SaaS for banks, NBFCs, and e-commerce with a go-to-market time of under 30 days.

The deal

Type
ipo

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