Scripbox

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

Scripbox.com
TypePrivate
IndustryFinancial Services
FoundedBengaluru, India (2012)
Headquarters
Bengaluru, Karnataka
,
India
Key people
Atul Shinghal (Founder & CEO), Sanjiv Singhal (Founder & COO)
ServicesWealth Management
AUM₹3900 crores
Websitescripbox.com 

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 become a player 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 with a focus on mutual funds. During the time of the merger, Upwardly had assets under management (AUM) of Rs. 250 crore.[4][5]

In July 2020, the company announced its foray into the international market for non-residential Indians (NRIs) specifically in the United Arab Emirates and Singapore.[6][7]

In December 2020, Scripbox announced its strategic investment in Mitraz Financial, a SEBI registered investment advisor that had been providing personalised financial advisory services to high net worth individuals (HNIs) and ultra high net worth individuals (UHNIs).[8][9]

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.[10][11] Scripbox raised ₹151 crore from Accel, Omidyar, and NLI Strategic in its Series C round.[12][13]

The Bengaluru-based firm raised ₹151 crore in its Series D round from multiple investors led by Accel Partners.[14]

Awards
  • 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
  1. "Not many listed companies in the world offer free lunch". The Economic Times.
  2. "Scripbox is a IN based company founded in 2012". Go Medici.
  3. "ESOP Management at Scripbox". MyStartupEquity.
  4. "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.
  6. "Investment app Scripbox to debut in UAE and Singapore". Mint.
  7. "It's time for tech-led financial service to expand to other markets: Scripbox CEO Atul Shinghal". The Economic Times.
  8. "Wealth management platform Scripbox makes strategic investment in Mitraz Financial". The Economic Times.
  9. "Scripbox acquires investment advisor Mitraz Financial". The Hindu Business Line.
  10. "Scripbox Raises Undisclosed Investment In Funding Led By Omidyar Network". Forbes India.
  11. "Emerging FinTech start-ups from India that are making a mark". Mint.
  12. "Scripbox raises Rs 151 crore in Series-C Round". The Economic Times.
  13. "Scripbox Raises $21.4 Mn Series C Funding Led By Accel Partners". Inc42 Media.
  14. "Scripbox raises $21 million in funding round led by Accel Partners". The Economic Times. Retrieved 2022-03-04.
  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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