Digital wealth management platform Scripbox has acquired the mutual fund distribution business of Delhi-NCR-based Bluechip Capital, marking another step in its strategy to expand through partnerships with independent wealth management firms across India.

Bluechip Capital, founded and led by veteran wealth manager Ravi Kohli, has been serving investors for more than 33 years and has built a strong presence in the region.

As part of the transaction, Bluechip Capital’s clients and employees will transition to Scripbox. The move is expected to provide clients with access to Scripbox’s broader suite of wealth management services, including its research-driven investment approach, asset allocation framework, and digital investment platform.

The acquisition comes shortly after reports that Bengaluru-based Scripbox was looking to raise up to Rs 170 crore through a combination of equity and debt.

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The proposed fundraising was aimed at supporting the acquisition of the mutual fund distribution business of a Delhi-based independent financial advisor (IFA), aligning with the company’s broader consolidation strategy in the wealth management sector.

For Scripbox, the acquisition strengthens its presence in North India while expanding its customer base and advisory network. The company has been actively pursuing partnerships with established advisory firms to combine traditional relationship-driven wealth management with technology-enabled investment solutions.

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Founded in 2012, Scripbox offers a range of investment products, including mutual funds, fixed deposits, exchange-traded funds (ETFs), US stocks, and the National Pension System (NPS). Over the years, it has evolved into a comprehensive digital wealth management platform catering to retail investors and affluent customers.

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Scripbox has raised more than $55 million from investors such as Accel, LetsVenture, and DMI. The company is currently valued at around Rs 1,150 crore (approximately $137 million). Financially, Scripbox achieved profitability in FY25, reporting a profit of Rs 12.7 crore, while its operating revenue increased 27% year-on-year to Rs 107.2 crore, reflecting continued growth in its wealth management business.