fbpx
  • Topics
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Enterprise & SaaS
    • Gadgets & Electronics
    • Health & Bio
    • FinTech
    • IoT
    • Transportation & Logistics
    • Marketplaces & E-commerce
    • Ecosystem
    • Robotics
    • Investments
    • EdTech
    • Featured
  • Deals
    • Private Equity
    • Venture Capital
    • IPO & Markets
  • Interviews
    • Startup Investing
    • Fundraising
    • Product Launching
  • MORE
    • Events
    • Startups Advice
  • Submit an Article
  • REGISTER
  • login
No Result
View All Result
No Result
View All Result
Home Featured

India-based online wealth management platform Scripbox bags US$21 million in a funding round led by Accel Partners

AsiaTechDaily Writer by AsiaTechDaily Writer
21 January 2022
in Featured, Wealth Technology
0
Scripbox
8
SHARES
Share on FacebookShare on Twitter
Bookmark(0)

Please login to bookmark

No account yet? Register

India’s online wealth management platform Scripbox has raised US$21 million in debt and equity, in a financing round led by Accel Partners.

The funding round was also joined by DMI Alternative Investment Fund through The Sparkle Fund, Transpose Platform, Innoven Capital, KPB Family Trust, Trifecta Capital, Kube VC, LetsVenture, and YY Capital LLC along with angel investors like Freshworks CTO Shanmugam Krishnasamy, MakeMyTrip founder Deep Kalra, and Dell Technologies India MD Alok Ohrie.

Scripbox plans to use the fresh funding to launch new products, build brand initiatives, and acquire new customers. The startup will also use the funds to partner with independent financial advisors.

According to the company, it has seen significant growth during the pandemic.

“This investment will accelerate our next phase of growth, further strengthening our market position, said Atul Shinghal, founder and CEO, Scripbox. He added, “We are spending a lot more time understanding our customers’ goals. As digitisation becomes common, there is a play for consolidation. We are leveraging tech to roll out new offerings. Wealth management is a trust business and we are focusing on brand building, customer acquisition, and accelerating our partnership strategy.”

Subrata Mitra, Partner at Accel, said, We have backed Scripbox since its inception, and continue to be super excited about their prospects. Digitisation of wealth management in India is well on its way, and Scripbox, with a powerful yet simple product, is becoming a de facto leader in the category.

About Scripbox

The Bengaluru-based firm was founded in 2012 by Ashok Kumar, Sanjiv Singhal, and Atul Shinghal. Scripbox owns and operates an online investment platform that distributes mutual funds in India. Its platform allows investors to buy and sell equity, debt, and tax-saving mutual fund.

The startup uses proprietary algorithms to deliver holistic wealth management solutions, as well as customized recommendations for better outcomes.

Scripbox has expanded its offerings to FDs, Term Insurance, and retirements plan too. Its cumulative transactions have exceeded US$8.1 million to date.

What are your thoughts?
+1
0
Upvote
+1
0
Clap
+1
0
Clap
+1
0
On fire
+1
0
Meh
+1
0
Clap
+1
0
Tags: online investment platformWealth Management
Previous Post

Indonesia-based SME-focused tech startup BukuKas raises US$80 million in a Series C round

Next Post

India-based business automation platform SaaS Labs raises US$42 million

Related Posts

Grab
Featured

Grab reports 6% revenue rise in Q1 2022

May 19, 2022
Antler
Featured

Venture investor Antler commits $100m to over 300 startups in SE Asia in 4 years

May 19, 2022
Pitik
AgriTech

Indonesian poultry tech startup Pitik secures $14m in Series A funding

May 19, 2022
Coins.ph
Featured

Coins.ph secures $30 million in Series C funding led by Ribbit Capital

May 19, 2022
PAG
Featured

PAG, First Solar agree to landmark renewable energy deal in Japan

May 18, 2022
Sea Limited
Featured

Sea Limited posts 64.4% year-on-year revenue growth in Q1 2022

May 17, 2022
Next Post
SaaS Labs

India-based business automation platform SaaS Labs raises US$42 million

Discussion about this post

No Result
View All Result

FREE NEWSLETTER

Copyright © 2021 AsiaTechDaily.com| About Us | Seed acceleratorTerms of Use| Privacy Policy| Cookie Policy Contact : [email protected] | DMCA.com Protection Status | trusted by Wimgo

No Result
View All Result
  • Topics
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Enterprise & SaaS
    • Gadgets & Electronics
    • Health & Bio
    • FinTech
    • IoT
    • Transportation & Logistics
    • Ecosystem
    • Marketplaces & E-commerce
    • Robotics
    • Investments
    • Featured
  • Deals
    • Private Equity
    • Venture Capital
    • IPO & Markets
  • Interviews
    • Startup Investing
    • Fundraising
    • Product Launching
  • MORE
    • Events
    • Startups Advice
  • Submit an Article
  • Forums
  • Jobs
  • REGISTER
  • Login

Copyright © 2021 AsiaTechDaily.com| About Us | Seed acceleratorTerms of Use| Privacy Policy| Cookie Policy Contact : [email protected] | DMCA.com Protection Status | trusted by Wimgo