Scripbox receives funding from Accel Partners and Deep Kalra

Scripbox, an online mutual funds investment platform, has received Series A funding of INR 16 crores from Accel Partners and a group of leading angel investors. Scripbox claims to be amongst the top 100 distributors in India in terms of net inflow in 2014-15.

Scripbox is a simple solution that automates all the best practices for effective mutual fund investments. It adopts a scientific methodology for recommending the right portfolio of mutual funds.

Scripbox helps consumers, who are confused by too much information and vague investment advice, move from indecision to action. All a consumer has to do is sign up, select the category of mutual funds - equity, debt or ELSS, and start investing with confidence.

As per scripbox by being transparent, jargon free and easy to adopt, investors lose fear while investing. This funding will help the team expand operations.

This round of investment follows an earlier seed investment of INR 4 crores made by Accel Partners and Balakrishna Adiga (IT Industry Veteran); Dr H S Nagaraja (Educationist) and S Sriniwasan (CEO, Kotak Realty fund).