VC Fund Investments
Wealth management startup Scripbox raises $10.5 M from Accel Partners, NLI, others
Bengaluru-based Scripbox, an online mutual fund investment startup, has raised USD 10.5 million as part of a Series D funding round from its existing investors Accel Partners, NLI Investment Fund, and KPB Family Trust. Scripbox simplifies mutual fund investment for salaried professionals. The startup seeks to utilise proprietary algorithms to deliver a full-stack of wealth management solutions from US equities and insurance to holistic portfolio construction and financial advisory.
From the Venture Intelligence PE-VC Deal Database: Starting Jul-13 Scripbox had raised close to INR 250 crore from Accel USA, Omidyar Network and Accel India. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)
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