Launched in 2012 and led by CEO E R Ashok Kumar, Scripbox is a brand for savings and investments in mutual funds. It offers a portfolio of eight scientifically pre-selected funds across three categories: equity, debt and tax-saving. Customers can invest in these funds through its online portal without any charges. The company positions its product as a curated, simplified way to manage savings and investments via mutual funds. Scripbox intends to use the new funding to continue to expand its operations. No revenue or user metrics were disclosed in the article. Scripbox is a Bangalore-based online platform that enables customers to invest in mutual funds. Launched in November 2012, it is an AMFI-registered distributor of mutual funds. The service combines principles of portfolio theory and behavioral finance to offer curated baskets of pre-selected mutual funds and a way for users to invest in them. Fund selection is done by a quantitative and qualitative algorithm that is reviewed annually and rebalanced. The company raised Rs 16 crore in a Series A round and intends to use the funds to expand in India. Leadership mentioned includes Sanjiv Singhal (CEO) and directors WS Ravishankar and Atul Shinghal.

Total raised

$2M

Funding rounds

2

Latest round

Series A

Latest activity

Aug 2015