Insurtech startup Turtlemint has acquired IOPhysics, a Pune based cloud data analytics platform that caters to data engineers and scientists across enterprises and SMBs.
With this, IOPhysics’ founder and CEO Ashish Gawali will join the Turtlemint team as the VP of data science and data engineering, while the rest of the team will join the tech and data science verticals at Turtlemint.
Founded in 2015, Turtlemint has a hybrid (online-offline) model that empowers insurance advisors across the country with digital tools to navigate an otherwise cumbersome offline selling process at scale quickly.
The Thane-based company has 3.5 million customers and 125,000 advisors on its platform and has already raised $69 million from Blume Ventures, GGV Capital, Sequoia Capital India, Nexus Ventures, Jungle VC, SIG, Amfam and Massmutual Ventures.
