Mumbai, Aug. 20 -- The brokerage expects Turtlemint's revenue to grow at a three-year compound annual growth rate (CAGR) of 38%, supported by premium growth and higher take rates.

The brokerage expects the company's adjusted EBITDA margin to improve to 10% by FY29 from a loss in FY26.

Turtlemint holds a 20% share of the point-of-sales-person (POSP) insurance distribution channel, making it the third-largest player in the segment.

Mumbai-based Turtlemint Fintech Solutions operates a triadic technology platform that creates a collaborative ecosystem for distributing financial products-including insurance, loans, mutual funds, and credit cards-through its subsidiaries. Turtlemint enables its network of 691,000+ digital partners to deliver...