Insurtech Turtlemint launches operations in Goa | Goa News

Panji: insurtech start turtle mintwhich has a valuation of $900 million, began operations in Goa. The Mumbai-based startup intends to recruit 30-50 software developers in Goa in the current fiscal year as it aims to expand its presence.
Turtlemint, which counts 2.5 lakh insurance agents across the country among its clients, aims to establish a research and development team in Goa to work on digital insurance technology products.
The company will initially hire software engineers for software development and software testing and later will seek to hire business and financial analysts, product managers, content writers and user experience professionals.
“We see this as a work prospect to provide opportunities for local talents in Goa to pursue rich careers in product development,” said Anand Prabhudesai, co-founder of Turtlemint.
He said the company has aggressive growth plans in India and overseas, particularly in the Middle East region. Besides applications for insurance agents, the company also provides software for banks to manage their insurance assets.
The company has 2,500 employees spread across Mumbai, Pune and other cities. Prabhudesai, who studied in Panaji, met with IT Minister Rohan Khaunte and officials from the state’s IT department. “It looked very promising in terms of creating infrastructure. The department offered to support us and help us find offices,” Prabhudesai said.
Currently, the company operates from a coworking space in Goa, but hopes to find its own office in the state. “Right now we have 10 employees and when we get to 20 we will have to start thinking about our own office space,” Prabhudesai said.
Turtlemint is a platform that helps financial advisors understand and distribute insurance to clients. It aims to help insurance advisors via mobile apps to explain the nuances of insurance policies to each client by providing digital tools.

Margie D. Carlisle