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Turtlemint emerges from its shell seeking opportunities beyond insurance; bulks up for acquisitions

Livemint · 9m

Invictus Insurance Broking Services, the parent company of Turtlemint Insurance Services, is diversifying its revenue streams by venturing into adjacent financial services and exploring acquisitions. The company aims to expand its offerings beyond core insurance through its insurtech platform. It plans to enter new geographies, such as South-East Asia, through acquisitions and is actively seeking opportunities. Turtlemint has maintained profitability and is now focusing on building adjacencies, including mutual funds, loans, and enterprise services. Invictus aims to provide comprehensive financial solutions and achieve profitability in each of its emerging businesses within 2-3 years.