Scripbox and Bluechip Capital executives shaking hands in a boardroom
Wealthtech startup Scripbox has acquired the mutual fund distribution business of wealth management firm Bluechip Capital. This strategic acquisition is aimed at expanding Scripbox’s footprint in the key Delhi NCR market.
Through this deal, Scripbox will integrate Bluechip Capital’s client base and employees, providing them access to Scripbox’s advanced institutional research capabilities, data-driven asset allocation strategies, and comprehensive digital wealth management services. The financial terms of the acquisition were not disclosed.
Bluechip Capital, founded in 1993 by Ravi Kohli, has a long-standing reputation for providing mutual fund distribution services, alongside succession planning and robust platform capabilities. Scripbox CEO Atul Shinghal highlighted the shared commitment to client-first principles as a foundation for the acquisition, acknowledging the 33 years of trust built by Bluechip Capital.
This move follows Scripbox’s previous acquisitions of investment platforms such as Wealth Managers, Upwardly, and Mitraz Financial, as part of its strategy to consolidate independent wealth management businesses across India.
Founded in 2012 by Shinghal and Sanjiv Singhal, Scripbox offers mutual fund investments for long-term wealth creation and provides financial planning services through its AI-powered technology. The company has secured over $55 million in funding from investors including Accel, Omidyar Network, Flourish Ventures, and Nippon Life Insurance, and was last valued at $138 million.
In the fiscal year 2025, Scripbox reported revenues of ₹107.2 crore and achieved profitability with a net profit of ₹12.8 crore. The company operates in a competitive landscape against major wealthtech players like Zerodha, Groww, and Fisdom, aiming to capture a significant share of India’s investment tech market, which is projected to reach $31 billion by 2030.
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