Turtlemint has raised $120 million in its Series E fundraise led by Amansa Capital, Jungle Ventures and Nexus Venture Partners. Also, The round saw participation from new investors Vitruvian Partners and Marshall Wace, along with their existing investors. The total funding raised by the company

This brings the total funding raised by the company since its inception to $190 million. According to reports, the latest funding round has valued Turtlemint at more than $900 million. The company intends to use the fresh funds to expand in new geographies, scale its leadership team and strengthen its product stack.

Founded in 2015 by Dhirendra Mahyavanshi and Anand Prabhudesai, Turtlemint is a digital platform designed to help financial advisors understand and distribute insurance to their community of customers.

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The platform aids financial advisors in instantly matching each customer with a suite of products that are best suited for their unique needs, through a digital solution thereby removing the hassles of paperwork.

The Turtlemint advisor community currently has 160,000 plus insurance advisors using the Turtlemint platform in more than 15,000 pin codes in India. Turtlemint’s Advisor App branded as TurtlemintPro allows empaneled PoSP advisors to fully manage their insurance business using a simple mobile app.