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. The latest $2.5m Series A round was led by Accel Partners together with leading angel investors.
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. Founded in 2012 by IIM Bangalore alumnus Sanjiv Singhal and Atul Shinghal, Scripbox is an online mutual fund investment platform.