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Turtlemint closes its Series D round at $46 Mn; posts a profit in FY20

Shortpedia

Content Team
Image Credit: shortpedia

Insurtech platform Turtlemint has closed its Series D round at $46 million with fresh investment from Singapore-based Jungle Ventures. In November, the Mumbai-based company had raised $30 million in its Series D round led by GGV Capital in participation with American Family Ventures, MassMutual Ventures, SIG and others. According to the company, it will deploy the fresh proceeds towards growing its distributor network in the next 18 months.