Jungle Ventures backs Turtlemint

Mumbai-based online insurance platform Turtlemint has raised funding from Singapore-based Jungle Ventures, taking its Series D fundraise to $46 million.

In November, the company had raised $30 million in its Series D round led by GGV Capital in participation with American Family Ventures, MassMutual Ventures, SIG and others.

Founded in 2015, the company enables customers to compare quotes for car, bike, health and life insurance. “Our intent is to ‘demystify’ insurance by explaining the jargon in a simple way and providing smart tools to help a user make the right choice. From search to purchase, the entire process can be completed online in just a few clicks! We also have a team of friendly insurance advisors available on chat, phone and in-person to help users with purchase and claim services.”