Scripbox

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Scripbox.com
Company typePrivate
IndustryFinancial Services
FoundedBengaluru, India (2012)
Headquarters
Bengaluru, Karnataka
,
India
Key people
Atul Shinghal (Founder & CEO), Sanjiv Singhal (Founder & COO)
ServicesWealth Management
AUM₹12000 crores
Websitescripbox.com Edit this on Wikidata

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

History[edit]

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[edit]

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[edit]

  • Ranked 2nd Most Influential Financial Services Brand on LinkedIn in 2015.[15]
  • Red Herring Asia 2016 ranked Scripbox amongst the year's most promising 100 private technology ventures in Asia.[16]
  • The winner in FinTech category for FE-EY Best Banks Survey 2016–17.[17]
  • FinTech Global has included Scripbox in WealthTech100, a list of the world's 100 most innovative companies[18]
  • Founder and CEO, Atul Shinghal was named one of the Top 25 Financial Technology CEOs Of Asia For 2020 by The Financial Technology Report [19]
  • Founder and CEO, Atul Shinghal received the Entrepreneur of the Year in Service Business - Financial award by Entrepreneur India in 2020[20]

References[edit]

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