IPO-Bound Turtlemint Slips Into Red, Post INR 47 Cr Loss In FY25

Turtlemint slipped into the red in the financial year ended March 2025. The insurtech startup posted a net loss of INR 47.1 Cr in FY25 as against a profit of INR 7.4 Cr in the previous year

The Mumbai-based startup’s operating revenue jumped 33.6% to INR 674.5 Cr from INR 505 Cr in FY24

Meanwhile, Turtlemint’s total expenditure grew 45.7% to INR 723.6 Cr in FY25 from INR 496.7 Cr in the previous fiscal year

In the run-up to its IPO, Turtlemint’s insurance arm, Turtlemint Insurance, slipped into the red in the…