Fintech company Tortoise raises funds from Swiggy and ZestMoney cofounders

2 Sep 2022 , 07:15 AM

The Save Now Buy Later (SNBL) company Tortoise has received an undisclosed amount of money from Swiggy cofounder Sriharsha Majety and ZestMoney cofounder Lizzie Chapman.
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Earlier this year, Vertex Ventures, a division of the large international investment firm Temasek, contributed about $2.3 million to the fintech business.
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The firm receives two founders as investors in the current investment, which is an expansion of the seed fundraising round and is being referred to as a “mentors round” because it will enable Tortoise to develop a speedier growth strategy.
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Tortoise, a company founded in 2021 by Vardhan Koshal and Surya Harsha Nunnaguppala, promotes conserving money for significant purchases. It gives consumers the opportunity to set up a savings plan for their next purchases and earn incentives while doing so. Nikhil Joy, a former vice president at ZestMoney, just become a cofounder of Tortoise.

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