Scripbox Explained

Scripbox.com
Type:Private
Industry:Financial Services
Foundation:Bengaluru, India (2012)
Key People:Atul Shinghal (Founder & CEO), Sanjiv Singhal (Founder & COO)
Services:Wealth Management
Aum:₹12000 crores
Location City:Bengaluru, Karnataka
Location Country:India

Scripbox (officially known as Scripbox.com India Private Limited) is a Bengaluru-based digital wealth management service founded in 2012.[1]

History

Scripbox was founded by Atul Shinghal and Sanjiv Singhal, along with WS Ravishankar in Bengaluru, India, in 2012.[2] The company has evolved to work in the wealth management space, with a presence across 2440+ cities in India.[3]

In August 2019, Scripbox acquired Upwardly, a digital investment and advisory platform.[4] [5]

In December 2020, Scripbox announced its strategic investment in Mitraz Financial, a SEBI registered investment advisor.[6] [7] In 2022, Scripbox acquired the investment startup Wealth Managers for $21 million. [8]

Financials

Scripbox raised over ₹200 crores in funding from Accel Partners, Omidyar Network, and other investors. Accel invested in series A, B, and C funding rounds, while Omidyar invested in series B and C.[9] [10] Scripbox raised ₹151 crore from Accel, Omidyar, and NLI Strategic in its Series C round.[11] [12]

The Bengaluru-based firm raised ₹151 crore in its Series D round from multiple investors led by Accel Partners.[13]

Scripbox has grown its assets under managemement (AUM) to ₹12,000 Crore as of August, 2022.[14]

Awards

Notes and References

  1. News: Not many listed companies in the world offer free lunch . The Economic Times . Shalina . Pillai . 8 October 2017 . 26 November 2022.
  2. Web site: Scripbox is a IN based company founded in 2012 . Go Medici.
  3. Web site: ESOP Management at Scripbox . MyStartupEquity.
  4. News: Online mutual funds distribution startup Scripbox acquires Upwardly . The Economic Times. Bhakta . Pratik .
  5. Web site: Want to create wealth for yourself! Here is a piece of useful news for you . Zee Business. 9 August 2019 .
  6. News: Wealth management platform Scripbox makes strategic investment in Mitraz Financial . The Economic Times.
  7. Web site: Scripbox acquires investment advisor Mitraz Financial . The Hindu Business Line . 10 December 2020 . en.
  8. Web site: Kaur . Jaspreet . 2022-08-08 . Scripbox Acquires Investment Startup Wealth Managers To Grow Cumulative Consumer Base . 2022-11-02 . Inc42 Media . en.
  9. Web site: Scripbox Raises Undisclosed Investment In Funding Led By Omidyar Network. . Forbes India . en.
  10. Web site: Emerging FinTech start-ups from India that are making a mark . Mint . 5 July 2016 . en.
  11. News: Scripbox raises Rs 151 crore in Series-C Round . The Economic Times. Bhakta . Pratik .
  12. Web site: Scripbox Raises $21.4 Mn Series C Funding Led By Accel Partners . Inc42 Media. 12 January 2019 .
  13. News: Scripbox raises $21 million in funding round led by Accel Partners . The Economic Times . 2022-03-04.
  14. News: Fintech platform Scripbox makes strategic investment in Pune-based Wealth Managers . The Economic Times . 2022-08-18.
  15. Web site: Introducing the Content Marketing 50: Financial Services Edition [Infographic] ]. LinkedIn Business.
  16. Web site: 2016 Red Herring Asia: Winners . Red Herring.
  17. Web site: FE Best Banks Awards: The Jury is in, countdown begins . The Financial Express.
  18. Web site: WealthTech100 – The world's most innovative WealthTech companies that every leader in the wealth and asset management industries needs to know about . FinTech Global.
  19. Web site: The Top 25 Financial Technology CEOs Of Asia For 2020 The Financial Technology Report. . The Financial Technology Report.
  20. Web site: Virtual Awards - 10th Annual awards for Entrepreneurship & Startups . Entrepreneur India.

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