When did SEBI approve Turtlemint's IPO?

SEBI approved Turtlemint's IPO on December 12, 2025.

How much does Turtlemint plan to raise in its IPO?

Turtlemint plans to raise up to Rs 2,000 crore through its IPO.

What is Turtlemint's business model?

Turtlemint operates a marketplace connecting advisors with customers for insurance and other financial products, also offering digital tools and SaaS solutions.

Home / Business and Economy / Turtlemint Eyes Rs 2,000 Crore IPO After SEBI Nod

Turtlemint Eyes Rs 2,000 Crore IPO After SEBI Nod

16 Dec

•

Summary

Turtlemint received SEBI approval for its IPO on December 12, 2025.
The insurtech firm plans to raise up to Rs 2,000 crore through the IPO.
Turtlemint reported a 33% revenue increase but slipped into losses in FY25.

Turtlemint Eyes Rs 2,000 Crore IPO After SEBI Nod

Turtlemint, an insurtech company, has received the crucial approval from the Securities and Exchange Board of India (SEBI) to proceed with its Initial Public Offering (IPO). The market regulator updated the processing status on its website on December 12, 2025, marking a significant milestone for the firm. The company had previously submitted its Draft Red Herring Prospectus (DRHP) confidentially in May 2025 and is reportedly targeting to raise approximately Rs 2,000 crore through this public offering.

Founded in 2015, Turtlemint functions as a marketplace that connects insurance advisors with clients, offering a diverse range of products including motor, health, and life insurance. Beyond insurance, it also facilitates access to other financial products like mutual funds and loans. The company empowers advisors with digital tools to enhance their business reach and growth. Furthermore, Turtlemint is extending its enterprise solutions through its SaaS division, Turtlefin, catering to banks, NBFCs, and e-commerce businesses.