Online mutual funds investments platform, Scripbox, aims to simplify person finance through higher levels of transparency and scientific methodology for recommending the right portfolio of mutual funds.
Bangalore-based Scripbox.Com India Pvt Ltd, which runs an online fintech portal Scripbox, has raised Rs 16 crore ($2.49 million) in its Series A round of funding from Accel Partners and a group of angel investors, the company said on Wednesday. MakeMyTrip co-founders and top brass Deep Kalra, Rajesh Magow and Mohit Gupta also participated in the funding round alongwith other angel investors Shamik Sharma (Myntra) and Subba Rao Telidevara (former partner with PE firm Actis). The company will use the money for consolidate its presence and expand its customer base. “Scripbox adopts a consumer-centric, and practical approach to building long term investing habits. This platform will play a significant role in influencing the way people manage their money and make it grow," said Subrata Mitra, partner with Accel Partners.