Acquisition · Financial Services
Scripbox acquires Bluechip Capital mutual fund distribution business
By Startup Enthusiast ·
- Date
- Company
- Scripbox
- What it does
- Wealth management platform
- Kind
- Acquisition
- Based in
- Bengaluru
- Founded
- 2012
- Sector
- Financial Services
What they do
Scripbox is a Bengaluru-based wealth management platform offering investment products
What happened
It acquired the mutual fund distribution business of Delhi-NCR based Bluechip Capital
Why it matters
This move supports Scripbox's strategy to integrate independent wealth businesses across India
The details
- Scripbox has acquired the mutual fund distribution business of Bluechip Capital.
- The deal integrates an established advisory firm into Scripbox's existing platform.
- Bluechip Capital was founded by Ravi Kohli who led the firm for 33 years.
- Pegasus Finserv acted as an advisor for the Bluechip Capital transaction.
- LegaLogic Consulting and Globeview Advisors LLP advised Scripbox on the acquisition.
- The acquisition aligns with Scripbox's strategy to consolidate independent wealth managers.
- Scripbox previously acquired Wealth Managers, Upwardly, and Mitraz Financial.
- Industry trends show tech platforms acquiring independent advisory firms in India.
The bigger picture
- Consolidation is a key trend in India's wealth management sector.
- Tech platforms are expanding by buying established independent advisory networks.
- Scripbox aims to build a succession pathway for founders of target firms.
About the business
- Scripbox operates as a wealth management platform based in Bengaluru.
- It offers mutual funds, fixed deposits, US stocks, ETFs, and NPS.
- The company competes with Zerodha, Groww, and Fisdom in the market.
- Scripbox reported revenue of ₹107.2 Cr for the fiscal year 2025.
- Profit for FY25 was reported between ₹12.7 Cr and ₹12.8 Cr.
- Revenue growth for FY25 stood at 27% year-over-year.
- The total funding raised by Scripbox exceeds $55 Mn.
- Valuation figures vary between $138 Mn and approximately $137 Mn.
- FY26 financials have not yet been disclosed by the company.
What happens next
- Scripbox plans to continue integrating independent wealth management businesses.
- FY26 financial results are pending disclosure.
The deal
- Type
- Acquisition
Investors
- Accel (Investor)
- Omidyar Network (Investor)
- Flourish Ventures (Investor)
- Nippon Life Insurance (Investor)
- LetsVenture (Investor)
- DMI (Investor)
Founders
- Atul Shinghal, CEO
- Sanjiv Singhal, Co-founder
- Ravi Kohli, Founder of Bluechip Capital
Other articles talking about it
More on Scripbox
Same day
- Simple Energy eyes listing in second half of FY281 June 2026 · IPO
- EaseMyTrip reports FY26 net loss of Rs 47.6 crore1 June 2026 · Results
- Rovia raises $1m pre-seed to help employees manage stock compensation1 June 2026 · Funding · $1 million
- MediElaj raises $100K pre-seed from friends and family1 June 2026 · Funding · ~$100K
- Kerala Angel Network invests ₹90 crore in startups1 June 2026 · Analysis · ₹90 crore
- LVX launches AI platform for private market deals1 June 2026 · Launch