Explained4 panels · 2 min readFrom: inc42.comIN

Turtlemint DRHP: A Look At Shareholding Pattern & Key Executives

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UDRHP: Turtlemint has 135 shareholders
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UDRHP: Turtlemint has 135 shareholders

UDRHP: IPO to raise up to INR 660.7 Cr
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UDRHP: IPO to raise up to INR 660.7 Cr

UDRHP: Nexus Ventures holds the highest stake at 24.05%
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UDRHP: Nexus Ventures holds the highest stake at 24.05%

UDRHP: Cofounders Prabhudesai and Mahyavanshi to sell shares.
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UDRHP: Cofounders Prabhudesai and Mahyavanshi to sell shares.

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Why this matters

INR 128.6 Cr will be allocated for investment in its wholly-owned insurance brokerage subsidiary, Turtlemint Insurance Broking Services, to fund its working capital requirements. Its core strategy involves empowering a network of over 5 Lakh insurance advisors via its TurtlemintPro app. However, operating revenue zoomed 109% to INR 463.3 Cr during the period under review from INR 221.4 Cr in H1 FY25. However, operating revenue rose 8.4X to INR 662.7 Cr from INR 78.6 Cr in FY24. He received an ag

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