India, April 7 -- Insurtech startup Turtlemint, which counts Jungle Ventures, Nexus Venture Partners, Vitruvian Partners and Peak XV Partners among its investors, is reportedly in talks with bankers to launch its $200-250 Mn IPO this year.

As per Mint, the startup is expected to hit the Dalal Street by October this year and would file its draft papers with the Securities and Exchange Board of India (SEBI) within two months.

Turtlemint is in discussions with four bankers - Motilal Oswal, JM Financials, ICICI Securities and Jefferies - to help manage the IPO, the report added.

Inc42 has reached out to Motilal Oswal and Turtlemint for comments on the development. The story will be updated based on their responses.

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