Sequoia-backed Turtlemint appoints Bajaj Allianz government as Chief Enterprise Officer

Sequoia-backed Turtlemint appoints Bajaj Allianz executive as Chief Business Officer

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Sequoia Capital Backed – Invictus Insurance coverage Broking Pvt. Ltd., which operates on-line insurance coverage platform Turtlemint, has appointed Navvin Jain, Govt Vice President, Bajaj Allianz as its Chief Enterprise Officer, the corporate mentioned in an announcement on Tuesday.

Jain’s appointment comes at a time when the corporate is increasing its presence throughout a number of enterprise segments and making certain common insurance coverage. With over twenty years of expertise within the monetary companies ecosystem, Jain shall be managing the corporate’s long-term progress technique, the assertion mentioned.

“In a really brief span of time, it (Turtle) has made nice strides in direction of rising insurance coverage penetration within the nation. I look ahead to taking an ideal leap ahead with Turtlemint and making it a frontrunner in its discipline each domestically and globally,” mentioned Jain.

Turtlemint mentioned Jain has constructed new distribution channels and partnerships with a give attention to profitability and effectivity in his previous operations. Jain has beforehand labored with monetary companies firms and banks resembling IndusInd Financial institution, Reliance Well being Insurance coverage, Tata AIA Life Insurance coverage and Canara HSBC Life.

“The go to right here shall be instrumental in serving to us obtain our objectives of bettering insurance coverage penetration and enabling seamless entry to insurance coverage merchandise. With Navwin on prime of enterprise progress, we at the moment are poised for fast progress,” mentioned Dhirendra Mahavanshi, Co-Founder, Chief Govt Officer, Turtlemint.

Based in 2015 by former Quikr executives Mahavanshi, Anand Prabhudesai and Kunal Shah, Turtlemint has a hybrid (online-offline) mannequin that empowers insurance coverage advisors throughout the nation to rapidly navigate the in any other case cumbersome offline gross sales course of with digital instruments. provides.

In November 2020, the corporate raised $30 million as a part of the identical spherical led by Menlo Park, California-headquartered enterprise capital (VC) agency GGV Capital.

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