Scripbox - Company Profile

 

A leading financial technology company, Scripbox is based out of Bengaluru. Scripbox primarily focuses on providing online investment services to retail investors. Based on an individual's needs, available funds and risk appetite, Scripbox can come up with a comprehensive investment plan. It could range from short-term to long-term, based on the investor's requirements. With a personalized financial plan, it becomes a lot easier for retail investors to achieve their goals.

Users can choose from Wealth Plans such as tax saver plan, long-term portfolio, short-term portfolio, emergency fund and cash management. Goal based plans are also available such as Retire Confident, Crorepati, Child Advantage and Dream Planner. With Scripbox, users can invest in equities, mutual funds, debt instruments, gold, ETF and FDs. And all of these under the careful guidance of seasoned professionals. Scripbox offers flexible SIPs, easy withdrawals, minimal taxes, continuous tracking of your investment and replan options. 

Scripbox - History

The idea for Scripbox came to the founders when they noticed that investing in financial products such as equities and mutual funds was not so easy for the common man. This is even more relevant for people who are planning to invest in the stock markets for the first time. Around a decade earlier, availability of online investment options was also limited.

Much of the focus was on high-net-worth individuals. In comparison, smaller retail investors did not have an easy way to invest their savings online. With these factors in mind, the founders decided to launch Scripbox. The objective was to leverage technology tools to simplify investments for retail investors and help them grow their wealth.

Scripbox - Competitors

Primary competitors of Scripbox include Groww, Zerodha Coin, ETMoney, Paytm Money, Paisa Bazaar, Wint Wealth, etc.

Scripbox - Funding and Investors

Scripbox has received total funding of around $55 million. Some of the key investors include Accel, Omidyar Network and Navyug Mohnot.

Scripbox – Acquisitions

Scripbox had acquired Upwardly in 2019. Upwardly was one of India's trusted digital wealth management platforms. In 2020, Scripbox had acquired Mitraz Financial. Based out of Bengaluru, Mitraz was a leading provider of financial planning and investment advisory services. Another acquisition was Wealth Managers in 2022. Wealth Managers functioned as a wealth advisory platform.

Scripbox Founders

Scripbox was founded by Atul Shinghal and Sanjiv Singhal. Atul Shinghal currently serves as the CEO at Scripbox. Prior to founding Scripbox, Atul Shinghal had worked at Probe Information Services, Old Mutual, Nedbank, Capital One, Standard Chartered and Madura Coats. Atul Shinghal had studied at IIT Madras and IIM Bangalore.

Co-founder Sanjiv Singhal currently serves as the COO at Scripbox. He had earlier worked with Herald Logic, Strategis.in, Polaris Software/ Orbitech (Citigroup), CyberCash, Matrix Information (Kotak Group) and Kotak Mahindra. Sanjiv Singhal had completed his MBA from IIM Bangalore.