Founded in 2020 by Koshal and Surya Harsha Nunnaguppala, Tortoise is a save now, buy later (SNPL) startup that allows users to save up for large purchases. Users can avail weekly and monthly savings plans over specific time periods
Fintech startup Tortoise has raised funding from Swiggy CEO Sriharsha Majety and ZestMoney CEO Lizzie Chapman as part of its extended seed round. However, the startup didn’t disclose the funding amount.
The presence of Majety and Chapman will enable the startup to strategize a faster growth plan, Tortoise said in a statement.
“This round is our mentors round, where we are raising angel cheques from category-defining leaders like Lizzie and Sriharsha and expect a few more such visionaries to join in. We are well capitalized from our seed round, and hence this is less about the investment and more about access to such inspirational leaders,” Tortoise cofounder Vardhan Koshal said.
ZestMoney’s former vice-president Nikhil Joy has also joined Tortoise as a cofounder, the statement said.
Founded in 2020 by Koshal and Surya Harsha Nunnaguppala, Tortoise is a save now, buy later (SNPL) startup that allows users to save up for large purchases. Users can avail weekly and monthly savings plans over specific time periods, and then use it together to make purchases. The startup rewards the users for their savings through cashback.
Tortoise operates at the intersection of business-to-business (B2B) and business-to-customer (B2C) domains. On one hand, it allows users to trade their savings for items while, on the other hand, it offers a platform for brands to offer savings schemes to their respective customers and drive sales.
