# Insurtech firm Turtlemint Fintech Solutions Ltd has filed updated draft papers with markets regulator Sebi to launch its initial public offering.

*fintech · news · 2026-01-29 · Outlook Business*

## Key points

- Turtlemint's IPO is sized at ₹2,000 crore, with ₹660.7 crore as a fresh equity issue.
- IPO proceeds will support cloud and server infrastructure, team salaries, marketing, and inorganic acquisitions.
- Part of the funds will pay property leases and provide working capital for its subsidiary, TIB.
- The updated draft red herring prospectus will be open for public comment for 21 days.

**Companies:** Turtlemint Fintech Solutions Ltd, Vistra (ITCL) India Ltd, Nexus Ventures VI Holdings, LLC, Nexus Ventures IV, Ltd, Peak XV Partners Investments V, GGV VII Investments Pte. Ltd, Jungle Ventures III Investment Holding Pte. Ltd, Catalyst Trusteeship Ltd
**Countries:** India

[Read the full story on Outlook Business](https://www.outlookbusiness.com/markets/insurtech-firm-turtlemint-files-updated-draft-papers-with-sebi-eyes-2000-cr-via-ipo)

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