Scripbox

wealthtech-retailother investments platform

FOUNDING YEAR: 2012
LOCATION: India
Last Update: 17/07/2020

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About

Scripbox is a web-based online platform enabling investing in mutual funds. It enables users to invest in four pre-selected mutual funds among 5000 with one click combining the principles of portfolio theory and behavioral finance.

Focus

PRODUCTS & SERVICES

Investing platform to purchase a basket of pre-select mutual funds (Equity, Debt and Tax savings). Helps the customers get rid of confusions created by too many investment choices.

REVENUE MODEL

The company earns a 0.5% fee from the mutual fund companies for the additional services.

MAIN CLIENTS

First-time investors and young earners looking for better ROI.

EXISTING PARTNERSHIPS

No tie-ups or partnerships with Asset Management Companies in order to get rid of bias and influences.

COMMENT

Unbiased scientific algorithms for selecting mutual funds which reduces the cost of exit load and minimize the impact of taxes.

Traction

VALUATION / MARKET CAP:

$16.67 M in 2015

People

FOUNDERS

Sanjiv Singhal

BOARD MEMBERS AND ADVISORS

Sanjiv Singhal

Ashok Kumar E R

NUMBER OF EMPLOYEES

51-200

INVESTORS:

Accel

Accel Partners

Angel Investors Network

Axcel Partners

Balakrishna Adiga

Deep Kalra

H S Nagaraja

Mohit Gupta

NuVentures

OMIDYAR NETWORK

Rajesh Magow

Sharik Sharma

Srinivasan Subramanian

Trusted Insight

KEY EMPLOYEES:

Atul Shinghal

Momentum

FUNDED

YES

TOTAL FUNDING

$23.5 M

DATE OF LAST FUNDING

Jan 2019

FUNDING SERIES

SERIES A  · $2.5 M  · Aug 2015

SERIES B  · ---  · Jun 2016

SERIES C  · $21 M  · Jan 2019

LISTED

NO

BASICS

FOUNDING YEAR:

2012

LOCATION:

India

Views:

334 VISITORS | 510 VIEWS
LATEST FUNDING ROUND

$23.5 M

TOTAL EMPLOYEES
51-200

About

Scripbox is a web-based online platform enabling investing in mutual funds. It enables users to invest in four pre-selected mutual funds among 5000 with one click combining the principles of portfolio theory and behavioral finance.

Subscribe to the MEDICI Inner Circle Membership and gain access to an exclusive Slack community where you can engage in discussions with global industry experts!

Focus+
Momentum+
Traction+
People+
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