Wealthtech firm Scripbox eyes $20 million at $200 million valuation

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Bengaluru-based wealthtech startup Scripbox is looking to raise $15-20 million (about Rs 130 to 170 crore) in a fresh round of funding which could value the firm at around $200 million, according to two people in the know.

The Accel-backed startup is looking to onboard a new investor onto its capitalisation table through this round and is betting on its improved financial metrics for the jump in valuation and investor attention.

The development comes at a time when venture investors are closely evaluating wealthtech startups which are trying to bring…



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Wealthtech firm Scripbox eyes $20 million at $200 million valuation


Bengaluru-based wealthtech startup Scripbox is looking to raise $15-20 million (about Rs 130 to 170 crore) in a fresh round of funding which could value the firm at around $200 million, according to two people in the know.

The Accel-backed startup is looking to onboard a new investor onto its capitalisation table through this round and is betting on its improved financial metrics for the jump in valuation and investor attention.

The development comes at a time when venture investors are closely evaluating wealthtech startups which are trying to bring…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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