fintech / news / / CNBC TV18
This Peak XV-backed insurtech platform starts engaging investors for ₹2,000 crore IPO.
Turtlemint is targeting a $1.3-1.5 billion valuation with a ₹2,000 crore IPO.
KEY POINTS
- 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
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