Scripbox: Acquired Upwardly

Scripbox: Acquired Upwardly

Scripbox: Bengaluru-based start-up, has acquired competitor, Upwardly

  • Scripbox is a Mutual funds online investment platform
  • The combined team to help a million Indian families retire with confidence
  • Scripbox has assets under management (AUM) of more than 1,100 crore rupees
  • While Upwardly has 250 crore rupees ($35 million) plus AUM
  • Upwardly provides services to Indians and non-resident Indians at 700 locations
  • Scripbox founded in 2012, covers 1,200 locations in India and similarly, has 70% first-time investors