Turtlemint Fintech Readies Rs 2,000-Cr IPO; Updated SEBI Papers Due in Weeks

• Turtlemint Fintech Solutions plans a Rs 2,000-crore Initial Public Offering (IPO), with updated draft papers to be filed with SEBI within two weeks.
• The insurtech firm aims for a public listing between March and April, having received SEBI's approval in December after a confidential filing in September.
• Founded in 2015, Turtlemint has sold 1.6 crore policies through 5 lakh advisors and processed over 90 crore claims for 1.2 crore customers.
• The company connects insurers, advisors, and consumers, partnering with over 40 insurers, representing 65% of India's life and general insurers.
• Backed by investors like Amansa Capital, Jungle Ventures, and Nexus Venture Partners, this IPO follows rising interest in insurtech, including PB Fintech's 2021 IPO.

Why It Matters: Turtlemint Fintech is set to launch a Rs 2,000-crore IPO, boosting India's insurtech market.