Scripbox, India’s first digital wealth manager, said today that it has raised USD 21 million in series-D fundraising from a mix of equity and debt investors. Transpose Platform, DMI Alternative Investment Fund – The Sparkle Fund, InnoVen Capital, Trifecta Capital, KPB Family Trust, LetsVenture, Kube VC, and YY Capital LLC are among the investors in the round.
Customers seeking more investment channels for their wealth management and diversification needs will benefit from these new offerings, which are being rolled out at a quick pace. In addition, the firm is teaming with offline Independent Financial Advisors to provide a superior product and digital experience to their higher-ticket clientele.
Subrata Mitra, Partner at Accel, said, “We have backed Scripbox since its inception, and continue to be super excited about their prospects. Digitization of wealth management in India is well on its way, and Scripbox, with a powerful yet simple product, is becoming a de facto leader in the category.”