Mumbai, October 12th, 2022: Turtlefin, India’s leading Insurtech platform announced its partnership with Droom Technologies, India’s pioneering automobile e-commerce platform for buying and selling used and new vehicles, to provide motor vehicle insurance services. Through this strategic partnership, Turtlefin will be able to extend an option of availing comprehensive motor insurance products to Droom’s customers buying two wheeler and four wheeler vehicles online.
With this partnership, Droom will leverage Turtlefin’s One API product and power its interface (consumer app and website) thus providing premiums from all the top insurers available in India to its customers and showcase the best possible vehicle insurance options in just a click. This way, Turtlefin will be able to assess risks more intelligently and provide real-time fact-checking and auto insurance quotations, providing a seamless customer experience. The partnership will be valid for 3 years and will be mutually beneficial for both the brands.
Turtlefin will offer Droom’s customers a specially curated offering, with a suite of benefits along with additional covers for vehicles from varied trustworthy insurance companies. Customers will get to experience a seamless single point online insurance service to compare and select an insurance cover, compare costs that meets their specific requirements.
Mr. Amreesh Kher, Chief Partnership Distribution Officer, Turtlefin said, “The strategic partnership between Turtlefin and Droom Technologies will bring together our proprietary Insurtech stack and Droom’s unique play in automobile e-commerce sector. With Turtlefin, we have digitised and simplified the entire insurance distribution value chain benefiting all stakeholders. Our technology is geared to offer a great mix of competitive products and choice to the customers. This partnership embarks our journey in the auto tech segment, maximizing the value and satisfaction Droom customers will receive.”
Mr. Sandeep Aggarwal, CEO & Founder of Droom technology said, “We are trying to build an entire AI and technology-based ecosystem for seamless buying and selling of used and new vehicles and services. We are confident that this partnership with Turtlefin will further strengthen Droom’s Vehicle Insurance offerings and buyers will have the absolute right to choose from all the available options and the rates offered at a competitive rate than any other portal.”
Droom provides the largest selection of automobiles which includes – cars, scooters, motorcycles, trucks, tractors, planes, and yachts. Droom is present in all the segments ranging from mass, mid, premium, and luxury segments and is the only platform to penetrate tier 1,2,3, and 4 cities.