Company Name : Turtlemint
Funding Amount : Undisclosed
Investor(s) Nexus Venture Partners, Blume Ventures
Funding Round : Not Disclosed
Mumbai based Turtlemint has raised an undisclosed amount of funding led by Nexus Venture Partners with participation from Blume Ventures.
Turtlemint has built a personalized insurance platform which provides recommendations to customers based on proprietary algorithms and rich data analytics; and offers a network of trusted offline facilitators to help complete the insurance purchase and provide claims assistance.
The company will use the funds to scale up its technology and operations.
Anand Prabhudesai, Co-founder, Turtlemint, said, “Turtlemint is also the first online insurance site to have created an offline network of insurance facilitators. This network fills a critical gap in customer servicing for the 90% of online customers who today research online but buy offline. The facilitators provide last mile connectivity for customers who need in-person assistance during purchase and assists in the claim process. We plan to expand to 100+ cities in the next few months.”
Turtlemint was launched four months ago by ex Quikr employees Dhirendra Mahyavanshi (IIM Calcutta alumnus) and Anand Prabhudesai (IIT Bombay and Chicago Booth alumnus).