Wealthtech startup Scripbox has acquired the mutual fund distribution business of Bluechip Capital to expand its presence in the Delhi NCR region, according to inc42.com. The deal includes Bluechip Capital’s clients and employees, who will now have access to Scripbox’s institutional research and digital wealth management services. Financial details of the acquisition were not disclosed.
Founded in 1993 by Ravi Kohli, Bluechip Capital provides mutual fund distribution and long-term succession plans to its clients. Scripbox, founded in 2012 by Atul Shinghal and Sanjiv Singhal, has previously acquired other investment platforms such as Wealth Managers, Upwardly, and Mitraz Financial to integrate independent wealth management businesses across India. CEO Atul Shinghal highlighted the shared client-first commitment as a key factor in the acquisition.
Scripbox leverages an AI-powered technology stack to offer financial planning and mutual fund investment services aimed at long-term wealth generation. The acquisition aligns with its strategy to broaden its footprint in key markets and strengthen its digital wealth management offerings. The startup has raised over $55 million to date, positioning itself as a growing player in India’s wealthtech sector.
The acquisition of Bluechip Capital’s mutual fund distribution business adds to Scripbox’s expanding portfolio and client base in Delhi NCR, reinforcing its position in India’s competitive wealth management market.