Bluechip Capital’s mutual fund distribution business acquired by Scripbox
Platform for wealth management, the mutual fund distribution division of Delhi-NCR-based Bluechip Capital, a wealth management company founded and run by Ravi Kohli for over 33 years, has been acquired by Scripbox. Clients and staff at Bluechip Capital will switch to Scripbox as a result of the deal.
The purchase was made weeks after Entrackr exclusively revealed that the Bengaluru-based business intended to raise up to Rs 170 crore through a combination of debt and equity in order to purchase the mutual fund distribution division of an independent financial advisor (IFA) in Delhi.
After the transaction, Scripbox’s research capabilities, asset allocation framework, and digital wealth management services will be available to Bluechip Capital’s clients.
The purchase is a component of Scripbox’s plan to collaborate with and incorporate independent wealth management companies around the nation.
Scripbox is a digital wealth management platform that was founded in 2012 and provides investments in US stocks, mutual funds, fixed deposits, ETFs, and NPS.
To date, the company has raised over $55 million from investors such as DMI, Accel, and LetsVenture. It is estimated to be worth Rs 1,150 crore, or about $137 million.
Scripbox made a profit of Rs 12.7 crore in FY25, but the company has not yet released its FY26 financial statements. At Rs 107.2 crore, its operating revenue increased by 27% year over year.
