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|concern = Fails ]. Insufficient independent in-depth sources to establish notability. Sources are mainly routine funding announcements rather than about the company itself. Tagged for ] issues. Creator is blocked. | |||
|timestamp = 20241221111647 | |||
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{{Multiple issues| | |||
⚫ | {{more citations needed|date=June 2018}} | ||
{{Advert|date=March 2021}} | |||
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{{Use dmy dates|date=November 2022}} | |||
{{Use Indian English|date=November 2022}} | |||
{{Infobox company | {{Infobox company | ||
| logo = File:Scripboxlogo.jpg | | logo = File:Scripboxlogo.jpg | ||
| name = Scripbox.com | | name = Scripbox.com | ||
| type = ] | |||
| industry = Financial Services | | industry = Financial Services | ||
| foundation = Bengaluru, India (2012) | | foundation = Bengaluru, India (2012) | ||
| key_people = Atul Shinghal ( |
| key_people = Atul Shinghal (Founder & CEO), Sanjiv Singhal (Founder & COO) | ||
| services = |
| services = Wealth Management | ||
| aum = |
| aum = ₹12000 crores | ||
| location_city = ], ] | | location_city = ], ] | ||
| location_country = India | | location_country = India | ||
| homepage = |
| homepage = | ||
}} | }} | ||
'''Scripbox.com India Private Limited |
'''Scripbox''' (officially known as Scripbox.com India Private Limited) is a ]-based digital wealth management service founded in 2012.<ref>{{cite news |title=Not many listed companies in the world offer free lunch |url=https://economictimes.indiatimes.com/opinion/interviews/not-many-listed-companies-in-the-world-offer-free-lunch/articleshow/60991667.cms | website=The Economic Times | first=Shalina | last=Pillai | date=8 October 2017 | accessdate=26 November 2022}}</ref> | ||
Scripbox is registered with the Association of Mutual Funds in India as a Corporate Distributor of Mutual Funds. | |||
==History== | ==History== | ||
Scripbox was founded by Atul Shinghal and Sanjiv Singhal along with WS Ravishankar in Bengaluru, India in 2012. Scripbox is |
Scripbox was founded by Atul Shinghal and Sanjiv Singhal, along with WS Ravishankar in Bengaluru, India, in 2012.<ref>{{cite web |title=Scripbox is a IN based company founded in 2012 |url=https://gomedici.com/companies/scripbox |website=Go Medici}}</ref> The company has evolved to work in the wealth management space, with a presence across 2440+ cities in India.<ref>{{cite web |title=ESOP Management at Scripbox |url=https://mystartupequity.com/blog/esop-management-at-scripbox/ |website=MyStartupEquity}}</ref> | ||
In August 2019, Scripbox acquired Upwardly, a digital investment and advisory platform |
In August 2019, Scripbox acquired Upwardly, a digital investment and advisory platform.<ref>{{cite news |title=Online mutual funds distribution startup Scripbox acquires Upwardly |url=https://economictimes.indiatimes.com/startups/online-mutual-funds-distribution-startup-scripbox-acquires-upwardly/articleshow/70594412.cms |website=The Economic Times|last1=Bhakta |first1=Pratik }}</ref><ref>{{cite web |title=Want to create wealth for yourself! Here is a piece of useful news for you |url=https://www.zeebiz.com/personal-finance/news-want-to-create-wealth-for-yourself-here-is-a-piece-of-useful-news-for-you-107914 |website=Zee Business|date=9 August 2019 }}</ref> | ||
⚫ | In December 2020, Scripbox announced its strategic investment in Mitraz Financial, a SEBI registered investment advisor.<ref>{{cite news |title=Wealth management platform Scripbox makes strategic investment in Mitraz Financial |url=https://economictimes.indiatimes.com/tech/startups/wealth-management-platform-scripbox-makes-strategic-investment-in-mitraz-financial/articleshow/79663735.cms |website=The Economic Times}}</ref><ref>{{cite web |title=Scripbox acquires investment advisor Mitraz Financial |url=https://www.thehindubusinessline.com/companies/scripbox-acquires-investment-advisor-mitraz-financial/article33296195.ece |website=The Hindu Business Line |date=10 December 2020 |language=en}}</ref> In 2022, Scripbox acquired the investment startup Wealth Managers for $21 million. <ref>{{Cite web |last=Kaur |first=Jaspreet |date=2022-08-08 |title=Scripbox Acquires Investment Startup Wealth Managers To Grow Cumulative Consumer Base |url=https://inc42.com/buzz/wealthtech-startup-scripbox-acquires-investment-startup-wealth-managers-to-grow-cumulative-consumer-base/ |access-date=2022-11-02 |website=Inc42 Media |language=en}}</ref> | ||
In July 2020, the company announced its foray into the international market for non-residential Indians (NRIs) specifically in the United Arab Emirates and Singapore.<ref>{{cite web |title=Investment app Scripbox to debut in UAE and Singapore |url=https://www.livemint.com/news/india/investment-app-scripbox-to-debut-in-uae-and-singapore-11595335115559.html |website=Mint}}</ref><ref>{{cite web |title=It’s time for tech-led financial service to expand to other markets: Scripbox CEO Atul Shinghal |url=https://economictimes.indiatimes.com/small-biz/startups/newsbuzz/its-time-for-tech-led-financial-service-to-expand-to-other-markets-scripbox-ceo-atul-shinghal/articleshow/77149801.cms |website=The Economic Times}}</ref> | |||
⚫ | ==Financials== | ||
⚫ | In December 2020, Scripbox announced its strategic investment in Mitraz Financial, a SEBI registered investment advisor |
||
⚫ | Scripbox raised over ₹200 crores in funding from Accel Partners, Omidyar Network, and other investors. Accel invested in series A, B, and C funding rounds, while Omidyar invested in series B and C.<ref>{{cite web |title=Scripbox Raises Undisclosed Investment In Funding Led By Omidyar Network. |url=https://www.forbesindia.com/article/special/scripbox-raises-undisclosed-investment-in-funding-led-by-omidyar-network/43679/1 |website=Forbes India |language=en}}</ref><ref>{{cite web |title=Emerging FinTech start-ups from India that are making a mark |url=https://www.livemint.com/Industry/UsuIPGy32wBCv0PZj7PeVP/Emerging-fintech-startups-from-India-that-are-making-a-mark.html |website=Mint |date=5 July 2016 |language=en}}</ref> Scripbox raised ₹151 crore from Accel, Omidyar, and NLI Strategic in its Series C round.<ref>{{cite news |title=Scripbox raises Rs 151 crore in Series-C Round |url=https://economictimes.indiatimes.com/small-biz/startups/newsbuzz/scripbox-raises-rs-151-crore-in-series-c-round/articleshow/67498422.cms |website=The Economic Times|last1=Bhakta |first1=Pratik }}</ref><ref>{{cite web |title=Scripbox Raises $21.4 Mn Series C Funding Led By Accel Partners |url=https://inc42.com/buzz/scripbox-raises-21-4-mn-series-c-funding-from-accel-partners/ |website=Inc42 Media|date=12 January 2019 }}</ref> | ||
The Bengaluru-based firm raised ₹151 crore in its Series D round from multiple investors led by Accel Partners.<ref>{{Cite news |title=Scripbox raises $21 million in funding round led by Accel Partners |work=The Economic Times |url=https://economictimes.indiatimes.com/tech/funding/scripbox-raises-21-million-in-funding-round-led-by-accel-partners/articleshow/88980765.cms |access-date=2022-03-04}}</ref> | |||
==Business== | |||
Scripbox is a full-stack wealth management service that uses technology and digital-led solutions to simplify wealth management for its users. <ref>{{cite web |title=After initial withdrawals in March, MF industry has been steady: Scripbox |url=https://economictimes.indiatimes.com/markets/expert-view/after-initial-withdrawals-in-march-mf-industry-has-been-steady-scripbox/articleshow/76510780.cms |website=The Economic Times}}</ref><ref>{{cite web |title=Using a robo-advisory: when algorithms help with your investments |url=https://www.thehindu.com/sci-tech/using-a-robo-advisory-when-algorithms-help-with-your-investments/article22797662.ece |website=The Hindu}}</ref> | |||
Scripbox uses proprietary algorithms to identify mutual fund plans for its customers. The AI-based algorithms ranks and picks funds that have consistently outperformed the relevant benchmark to determine ideal asset allocation for its users.<ref>{{cite web |title=What Are The Most Interesting Fintech Business Models In India? |url=https://inc42.com/features/what-are-the-most-interesting-fintech-business-models/ |website=Inc42 Media}}</ref><ref>{{cite web |title=ESOP Management at Scripbox |url=https://mystartupequity.com/blog/esop-management-at-scripbox/ |website=MyStartupEquity Blog}}</ref> | |||
==Mutual Funds== | |||
The Scripbox algorithm creates a basket of nine mutual funds, depending on the investors’ goals and objectives. Customers can keep a check on their portfolio from their mobile or computer.<ref>{{cite web |title=What is your current short list of funds? |url=https://scripbox.com/help/what-is-your-current-short-list-of-funds |website=Scripbox}}</ref> | |||
Recommended funds across sub asset classes are as follows: | |||
{| class="wikitable" | |||
|+ Equity Funds | |||
|- | |||
! Equity - Large cap !! Equity - Diversified !! Equity - Mid cap !! Equity - International !! Equity - Index !! Equity - ELSS | |||
|- | |||
| Mirae Asset Large Cap Fund (G) || Kotak Standard Multicap Fund (G) || Nippon India Growth Fund (G) || Franklin India Feeder - Franklin US Opportunities Fund (G) || UTI-Nifty Index Fund (G) || Mirae Asset Tax Saver Fund (G) | |||
|- | |||
| Axis Bluechip Fund (G) || Invesco India Growth Opportunities Fund (G) || L&T Midcap Fund (G) || DSP US Flexible Equity Fund (G) || HDFC Index Fund-Nifty 50 Plan (G) || Motilal Oswal Long Term Equity Fund (G) | |||
⚫ | |||
{| class="wikitable" | |||
|+ Debt Funds | |||
|- | |||
! Debt - Low Duration !! Debt - Ultra Short Duration Fund !! Debt - Liquid | |||
|- | |||
| ICICI Prudential Savings Fund (G) || Kotak Savings Fund (G) || Tata Liquid Fund (G) | |||
|- | |||
| IDFC Low Duration Fund (G) || SBI Magnum Ultra Short Duration Fund (G) || Axis Liquid Fund (G) | |||
⚫ | |||
⚫ | ==Financials== | ||
⚫ | Scripbox raised |
||
Scripbox has grown its assets under managemement (AUM) to ₹12,000 Crore as of August, 2022.<ref>{{Cite news |title=Fintech platform Scripbox makes strategic investment in Pune-based Wealth Managers |work=The Economic Times |url=https://economictimes.indiatimes.com/tech/funding/fintech-platform-scripbox-makes-strategic-investment-in-pune-based-wealth-managers/articleshow/93411020.cms?from=mdr |access-date=2022-08-18}}</ref> | |||
==Awards== | |||
*Ranked 2nd Most Influential Financial Services Brand on LinkedIn in 2015.<ref>{{cite web |title=Introducing the Content Marketing 50: Financial Services Edition |url=https://business.linkedin.com/marketing-solutions/blog/marketing-for-financial-services/2016/introducing-the-content-marketing-50--financial-services-edition |website=LinkedIn Business}}</ref> | |||
*Red Herring Asia 2016 ranked Scripbox amongst the year's most promising 100 private technology ventures in Asia. <ref>{{cite web |title=2016 Red Herring Asia: Winners |url=https://www.redherring.com/events/red-herring-asia/2016-top100/ |website=Red Herring}}</ref> | |||
*The winner in FinTech category for FE-EY Best Banks Survey 2016-17.<ref>{{cite web |title=FE Best Banks Awards: The Jury is in, countdown begins |url=https://www.financialexpress.com/industry/banking-finance/fe-best-banks-awards-the-jury-is-in-countdown-begins/1435497/ |website=The Financial Express}}</ref> | |||
*FinTech Global has included Scripbox in WealthTech100, a list of the world's 100 most innovative companies<ref>{{cite web |title=WealthTech100 – The world’s most innovative WealthTech companies that every leader in the wealth and asset management industries needs to know about |url=https://fintech.global/wealthtech100/ |website=FinTech Global}}</ref> | |||
*Founder and CEO, Atul Shinghal was named one the Top 25 Financial Technology CEOs Of Asia For 2020 by The Financial Technology Report <ref>{{cite web |title=The Top 25 Financial Technology CEOs Of Asia For 2020 {{!}} The Financial Technology Report. |url=https://thefinancialtechnologyreport.com/top-25-financial-technology-ceos-of-asia-for-2020/ |website=The Financial Technology Report}}</ref> | |||
*Founder and CEO, Atul Shinghal received the Entrepreneur of the Year in Service Business - Financial award by Entrepreneur India in 2020<ref>{{cite web |title=Virtual Awards - 10th Annual awards for Entrepreneurship & Startups |url=https://www.entrepreneurindia.com/virtual-awards/awards_winner.php |website=Entrepreneur India}}</ref> | |||
==References== | ==References== | ||
{{reflist}} | {{reflist}} | ||
{{Financial services in India}} | |||
{{Online brokerages}} | |||
{{FinTech in India}} | {{FinTech in India}} | ||
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Latest revision as of 11:16, 21 December 2024
It is proposed that this article be deleted because of the following concern:
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|
Company type | Private |
---|---|
Industry | Financial Services |
Founded | Bengaluru, India (2012) |
Headquarters | Bengaluru, Karnataka, India |
Key people | Atul Shinghal (Founder & CEO), Sanjiv Singhal (Founder & COO) |
Services | Wealth Management |
AUM | ₹12000 crores |
Website | scripbox |
Scripbox (officially known as Scripbox.com India Private Limited) is a Bengaluru-based digital wealth management service founded in 2012.
History
Scripbox was founded by Atul Shinghal and Sanjiv Singhal, along with WS Ravishankar in Bengaluru, India, in 2012. The company has evolved to work in the wealth management space, with a presence across 2440+ cities in India.
In August 2019, Scripbox acquired Upwardly, a digital investment and advisory platform.
In December 2020, Scripbox announced its strategic investment in Mitraz Financial, a SEBI registered investment advisor. In 2022, Scripbox acquired the investment startup Wealth Managers for $21 million.
Financials
Scripbox raised over ₹200 crores in funding from Accel Partners, Omidyar Network, and other investors. Accel invested in series A, B, and C funding rounds, while Omidyar invested in series B and C. Scripbox raised ₹151 crore from Accel, Omidyar, and NLI Strategic in its Series C round.
The Bengaluru-based firm raised ₹151 crore in its Series D round from multiple investors led by Accel Partners.
Scripbox has grown its assets under managemement (AUM) to ₹12,000 Crore as of August, 2022.
References
- Pillai, Shalina (8 October 2017). "Not many listed companies in the world offer free lunch". The Economic Times. Retrieved 26 November 2022.
- "Scripbox is a IN based company founded in 2012". Go Medici.
- "ESOP Management at Scripbox". MyStartupEquity.
- Bhakta, Pratik. "Online mutual funds distribution startup Scripbox acquires Upwardly". The Economic Times.
- "Want to create wealth for yourself! Here is a piece of useful news for you". Zee Business. 9 August 2019.
- "Wealth management platform Scripbox makes strategic investment in Mitraz Financial". The Economic Times.
- "Scripbox acquires investment advisor Mitraz Financial". The Hindu Business Line. 10 December 2020.
- Kaur, Jaspreet (8 August 2022). "Scripbox Acquires Investment Startup Wealth Managers To Grow Cumulative Consumer Base". Inc42 Media. Retrieved 2 November 2022.
- "Scripbox Raises Undisclosed Investment In Funding Led By Omidyar Network". Forbes India.
- "Emerging FinTech start-ups from India that are making a mark". Mint. 5 July 2016.
- Bhakta, Pratik. "Scripbox raises Rs 151 crore in Series-C Round". The Economic Times.
- "Scripbox Raises $21.4 Mn Series C Funding Led By Accel Partners". Inc42 Media. 12 January 2019.
- "Scripbox raises $21 million in funding round led by Accel Partners". The Economic Times. Retrieved 4 March 2022.
- "Fintech platform Scripbox makes strategic investment in Pune-based Wealth Managers". The Economic Times. Retrieved 18 August 2022.
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