India, June 18 -- Insurtech startup Turtlemint has raised Rs.397.2 Cr from anchor investors. The platform allotted 2.61 Cr equity shares to anchor investors at Rs.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.

Other investors who participated in the round included Societe Generale, 360 One, Amansa Holdings, BNP Paribas, Citi Group, among others.

With this, the public float of the Mumbai-based insurtech startup is all set to open tomorrow and will subsequently close on June 23. Follow...