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Turtlemint IPO: Cash Burn In Focus After ₹397 Cr Anchor Round
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Turtlemint IPO: Cash Burn In Focus After ₹397 Cr Anchor Round
Insurtech startup Turtlemint has raised ₹397.2 Cr from anchor investors. The platform allotted 2.61 Cr equity shares to anchor investors at ₹152 each, the upper band of its price spectrum. Of the total 1.11 Cr shares, or 43% of the total anchor round, were picked up by seven domestic mutual funds via a total of 12 schemes. The domestic mutual funds that anchored the round included ICICI Prudential, Bank of India, Bandhan Bank, among others. Ot…
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