Wealth management platform Scripbox has acquired the mutual fund distribution business of Delhi-NCR-based Bluechip Capital, a wealth management firm founded and led by Ravi Kohli for more than 33 years. The transaction will see Bluechip Capital’s clients and employees transition to Scripbox. The acquisition comes weeks after Entrackrexclusively reportedthat the Bengaluru-based company was planning to raise up to Rs 170 crore through a mix of equity and debt to acquire the mutual fund distribution business of a Delhi-based independent financial advisor (IFA). Following the deal, Bluechip Capital’s clients will gain access to Scripbox’s research capabilities, asset allocation framework, and digital wealth management offerings. The acquisition is part of Scripbox’s strategy to partner with and integrate independent wealth management firms across the country. Founded in 2012, Scripbox is a digital wealth management platform that offers investments across mutual funds, fixed deposits, US stocks, ETFs, and NPS. The company has raised more than $55 million to date from investors including Accel, LetsVenture, and DMI. It is valued at around Rs 1,150 crore (approximately $137 million). While Scripbox is yet to file its FY26 financial statements, the company turned profitable in FY25 with a profit of Rs 12.7 crore. Its operating revenue grew 27% year-on-year to Rs 107.2 crore. Bareback Media has recently raised funding from a group of investors. Some of the investors may directly or indirectly be involved in a competing business or might be associated with other companies we might write about. This shall, however, not influence our reporting or coverage in any manner whatsoever. You may find a list of our investorshere.
