Insurtech platform Turtlemint acquires data science start-up IO Physics Systems

Turtlemint, an insurance tech platform, has announced the acquisition of Pune-based data science start-up, IOPhysics Systems. The acquisition is aimed at enhancing the data science acquisition capabilities of Turtlement in the highly competitive insurtech space. IOPhysics Systems aims to help data scientists and data engineers derive intelligence from structured or unstructured data in real-time. As a part of the acquisition, the IOPhysics’ founder and CEO Ashish Gawali will join the Turtlemint team as their VP - Data Science and Data Engineering, while the rest of the IOPhysics team will join the tech and data science verticals at Turtlemint.

Passion Connect, the HR Advisory Unit incubated by Blume Ventures, played a crucial role in this acquisition. Led by Sanam Rawal, it implements innovative hiring techniques to find the perfect employee-employer fit for their start-up portfolio. A structured and dedicated hiring and acquisitions vertical, led by Swati Gupta and her teammate Ayushi Verma, is one such technique, according to an official handout.