01 November 2022
Insuretech platform Turtlemint raised a $120 million worth Series E round at the start of the ongoing fiscal year (FY23). That investment also put it on the soonicorn list —startups that are close to achieving the unicorn valuation—as the company’s valuation reportedly soared to over $900 million. Meanwhile, the company’s financials have also grown, albeit not as much as expected.
Turtlemint’s operating revenue grew 57% in FY22 to Rs 99 crore even as profit surged 4.4X as compared to the previous fiscal year, according to its annual financial statements with the Registrar of Companies (RoC).
Insuretech platform Turtlemint raised a $120 million worth Series E round at the start of the ongoing fiscal year (FY23). That investment also put it on the soonicorn list —startups that are close to achieving the unicorn valuation—as the company’s valuation reportedly soared to over $900 million. Meanwhile, the company’s financials have also grown, albeit not as much as expected.
Turtlemint’s operating revenue grew 57% in FY22 to Rs 99 crore even as profit surged 4.4X as compared to the previous fiscal year, according to its annual financial statements with the Registrar of Companies (RoC).
Stay Connected, Stay Informed –
Don’t miss out on exclusive updates, market trends, and real-time investment opportunities. Be the first to know about the latest unlisted stocks, IPO announcements, and curated Fact Sheets, delivered straight to your WhatsApp.