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Turtlemint Fintech Solutions is set to file its updated draft papers with SEBI for a ₹2,000 crore IPO.
What’s poppin’: the company had confidentially filed its initial IPO papers in September and received approval from the market regulator in December.
Founded in 2015, Turtlemint focuses on making insurance easier to buy and manage, especially for everyday consumers. It has reportedly sold around 1.6 crore policies, supported by a wide network of over 5 lakh advisors.
Why now: the timing also shows how quickly investor interest is heating up in India’s insurtech space, as more digital-first platforms try to make insurance less paperwork-heavy and far easier to navigate.
The latest came in November 2024, when Niva Bupa Health Insurance Company raised ₹2,200 crore in its public issue. Before that, in May 2024, Go Digit General Insurance raised ₹2,614.6 crore.
And on the insurtech side, the big moment came in 2021, when PB Fintech hit the markets with a ₹5,709 crore IPO, putting digital insurance platforms firmly in the spotlight.
