# This Peak XV-backed insurtech platform starts engaging investors for ₹2,000 crore IPO.

*fintech · news · 2026-03-30 · CNBC TV18*

## Key points

- Turtlemint is targeting a $1.3-1.5 billion valuation with a ₹2,000 crore IPO.
- The IPO will include a ₹660 crore fresh issue and ₹1,340 crore offer for sale.
- Turtlemint's revenue doubled in H1 FY26 to ₹463 crore, but losses widened by 26%.
- Nearly 99% of Turtlemint's revenue comes from commissions, posing profitability risk.
- The proposed Bima Sugam marketplace could significantly impact Turtlemint's commissions and volumes.

**Companies:** Turtlemint
**Countries:** India

[Read the full story on CNBC TV18](https://www.cnbctv18.com/market/this-peak-xv-backed-insurtech-platform-starts-engaging-investors-for-%e2%82%b92000-crore-ipo-ws-l-19877706.htm)

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