Bengaluru-based wealthtech startup Scripbox is preparing for its next phase of growth and potentially, the public markets.
The digital wealth management platform is planning to raise up to Rs 170 crore through a combination of equity and debt as it sharpens its expansion strategy ahead of a targeted IPO.
According to regulatory filings reviewed by Entrackr, Scripbox’s board has approved a proposal to raise up to Rs 60 crore from a select group of friends and family investors.
The fundraising may happen through equity shares, preference shares, convertible instruments or other securities.
The filing stated that the proceeds will be used to strengthen the company’s balance sheet, support accelerated growth initiatives, and prepare for its planned stock market debut.
Alongside the equity raise, the company has also secured approval to raise up to Rs 110 crore in debt from banks, NBFCs, financial institutions and other lenders.
The debt financing is expected to primarily support an acquisition.
According to the filing, Scripbox plans to acquire the mutual fund distribution business of a Delhi-based Independent Financial Advisor (IFA), although the company has not disclosed the name of the target firm.
As part of the transaction, Scripbox approved a draft business transfer agreement that includes the acquisition and transfer of the IFA’s AMFI Registration Number (ARN), along with associated client relationships and obligations.
Founded in 2012, Scripbox operates as a digital wealth management platform offering investment products across mutual funds, fixed deposits, ETFs, US stocks and the National Pension System (NPS).
The startup competes in India’s rapidly expanding wealthtech ecosystem where platforms are racing to build full-stack investment and advisory businesses for retail investors.
Scripbox has raised more than $55 million so far from investors including Accel, LetsVenture and DMI.
The company currently holds an estimated valuation of around Rs 1,150 crore (approximately $137 million).
Importantly, the startup turned profitable in FY25, reporting a profit of Rs 12.7 crore while its operating revenue grew 27% year-on-year to Rs 107.2 crore.
The fundraising comes at a time when India’s wealthtech sector is witnessing strong investor activity and consolidation.
According to data compiled by Entrackr, Indian wealthtech startups raised over $634 million across 51 deals during 2024 and 2025.
Several platforms are also actively raising fresh capital this year.
Centricity is currently in talks to raise a $30 million round, AssetPlus recently secured $19.3 million, Wint Wealth raised $28 million, and Sahi closed a $33 million financing round.
As retail investing deepens across India, wealthtech startups are increasingly looking to scale distribution, strengthen advisory capabilities and build profitability ahead of eventual public listings.