Synopsis:
Wealthtech startup Scripbox is planning to raise up to Rs 170 crore through a mix of equity and debt to fund acquisitions and strengthen its balance sheet ahead of a potential IPO.
Bengaluru-based wealthtech startup Scripbox is planning to raise up to Rs 170 crore through a combination of equity and debt instruments. The fresh capital will support acquisitions, strengthen its financial position, and prepare the company for a future initial public offering (IPO).
According to a regulatory filing reviewed by Entrackr, the company’s board has approved a plan to raise up to Rs 60 crore through equity-linked instruments. This round will include participation from select friends and family investors, and may come through equity shares, preference shares, convertible securities, or similar instruments.
The company said the funds raised through equity will be used to accelerate growth, improve its balance sheet, and support its long-term IPO roadmap. Scripbox is positioning itself for a public listing as it scales its wealth management business in India’s growing retail investment market.
Alongside the equity raise, Scripbox has also secured approval to raise up to Rs 110 crore in debt. The company plans to take loans from banks, financial institutions, NBFCs, or other lenders. This debt funding will primarily be used to finance an acquisition in the financial advisory space.
As part of its expansion strategy, Scripbox has approved a draft business transfer agreement to acquire the mutual fund distribution business of a Delhi-based Independent Financial Advisor (IFA). The deal will include the transfer of the IFA’s AMFI Registration Number (ARN), client relationships, and related obligations. However, the company has not disclosed the identity of the IFA whose business is being acquired.
Scripbox continues to expand its footprint in the wealth management sector, offering digital investment services across mutual funds, fixed deposits, US stocks, exchange-traded funds (ETFs), and the National Pension System (NPS). The platform also provides personalized financial planning tools for retail investors.
Founded in 2012, the Bengaluru-based company has raised over $55 million so far. Its valuation stands at around Rs 1,150 crore (about $137 million). Investors in the company include Accel, LetsVenture, DMI, and others.
Scripbox turned profitable in FY25, reporting a net profit of Rs 12.7 crore. During the same period, its operating revenue grew 27% year-on-year to Rs 107.2 crore, signaling improving financial performance as it scales operations.
The company has not yet filed its FY26 results, but its recent profitability marks a key milestone as it prepares for its next growth phase.
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India’s wealthtech sector continues to attract strong investor interest. According to industry data compiled by Entrackr, wealthtech startups in India raised over $634 million across 51 deals involving 39 companies during 2024 and 2025.
In the current year, several major deals have already taken place. Centricity is reportedly in talks to raise a $30 million round, AssetPlus secured $19.3 million, Wint Wealth raised $28 million, Sahi closed $33 million, Bachatt raised $12 million, and Jiraaf is also working on an extended Series B funding round.
Scripbox’s latest fundraising plan signals its intent to consolidate its position in the wealth management space while actively preparing for a public market debut.