Scripbox Acquires Mutual Fund Distribution Business
Wealth management platform Scripbox has completed the acquisition of the mutual fund distribution business from Bluechip Capital, a Delhi-NCR-based wealth management firm established and directed by Ravi Kohli for over 33 years. As part of this transaction, clients and employees from Bluechip Capital will be integrated into Scripbox.
This acquisition follows a recent report by Startup Superb, which disclosed that the Bengaluru-based Scripbox was seeking to raise as much as Rs 170 crore through a combination of equity and debt. This funding is aimed at acquiring the mutual fund distribution activities of an independent financial advisor based in Delhi.
Post-acquisition, clients of Bluechip Capital will benefit from Scripbox’s extensive research capabilities, asset allocation strategies, and digital wealth management services. This move aligns with Scripbox’s strategic goal of collaborating with and incorporating independent wealth management firms throughout the nation.
Established in 2012, Scripbox serves as a digital wealth management platform that provides investment options in mutual funds, fixed deposits, US stocks, ETFs, and NPS. To date, the company has secured over $55 million from investors, including Accel, LetsVenture, and DMI. Currently, it holds a valuation of approximately Rs 1,150 crore, translating to about $137 million.
While Scripbox has not yet submitted its FY26 financial reports, it achieved profitability in FY25, recording a profit of Rs 12.7 crore. Its operational revenue saw a year-on-year increase of 27%, reaching Rs 107.2 crore.
