PE Fund Investments
Wealth mgmt startup Scripbox raises $21-M from Accel Partners, InnoVen Capital, others
Scripbox, a Bengaluru-based mutual fund investment startup, has raised USD 21 million in a funding round led by existing investor Accel India, with participation from InnoVen Capital, LetsVenture, and others. The round also saw participation of angels including Alok Ohrie, Balakrishna Adiga, Deep Kalra, and Girish Mathrubootham. Founded in 2012, Scripbox has grown its assets under management (AUM) to INR 5,000 crore, from INR 1,150 crore in 2020, with cumulative transactions exceeding 8.1 million to date. It aims to use 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: Between Jul-13 and Oct-21, Scripbox raised $46-M from Accel India, Accel USA, Omidyar Network, and others. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)
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