Insurtech startup Turtlemint Fintech Solutions Ltd is gearing up to submit its revised draft documents to the Securities and Exchange Board of India (SEBI) within the next two weeks, as it moves closer to launching a ₹2,000-crore initial public offering (IPO). The public issue is expected to hit the markets between March and April, as per news reports.
The company had earlier filed its IPO papers under SEBI’s confidential route in September and secured regulatory clearance in December. With the approval now in place, Turtlemint will submit its updated draft red herring prospectus (UDRHP), which will be made available for public scrutiny for a 21-day period.
Post this, the firm will file a second revised draft incorporating public feedback, followed by the final red herring prospectus ahead of the IPO launch.
Founded in 2015 by Dhirendra Mahyavanshi and Anand Prabhudesai, Turtlemint operates a digital platform designed to simplify the buying and servicing of insurance products. The company has sold nearly 1.6 crore insurance policies through a network of over five lakh advisors nationwide.
Turtlemint has handled more than 90 crore claims transactions for over 1.2 crore customers, leveraging its technology to help advisors quickly identify insurance solutions tailored to customer needs.
Also Read: SBI Funds Management Begins IPO Preparations, Listing Planned for 2026
The company is backed by prominent investors such as Amansa Capital, Jungle Ventures, and Nexus Venture Partners. Its platform brings together insurers, advisors, and customers, and it has established long-term collaborations with more than 40 insurance companies, representing about 65% of India’s life and general insurance providers.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Jan 7, 2026, 9:09 AM IST
Sachin Gupta
Sachin Gupta is a Content Writer with 6+ years of experience in the stock market, including global markets like the US, Canada, and Australia. At Angel One, Sachin specialises in creating financial content that simplifies complex market trends. Sachin holds a Master's in Commerce, specialising in Economics.
Know MoreWe're Live on WhatsApp! Join our channel for market insights & updates
Get the link to download the App
EN