SynopsisWithout disclosing the financial details of the deal, Scripbox said that post the acquisition, Bluechip’s employees and clients would become part of the larger Scripbox ecosystem.ETtechBengaluru-based wealth management startup Scripbox has acquired New Delhi-based wealth management firm Bluechip Capital, the company said in a note on Monday. The acquisition will help Scripbox expand its client base and bring additional wealth advisory services into its fold.Without disclosing the financial details of the deal, Scripbox said that post the acquisition, Bluechip’s employees and clients would become part of the larger Scripbox ecosystem.Bluechip Capital has been led by Ravi Kohli for three decades. Scripbox plans to offer continuity to client relationships built by the firm over this long period.“India's independent wealth management business founders have spent decades building trust with their clients, and many may now be thinking about succession and continuity. We want to be the most trusted partner for that transition,” said Atul Singhal, chief executive officer, Scripbox.Founded in 2012, Scripbox is a wealth management platform with offerings primarily focused around regular mutual funds. The company has raised $84 million in equity funding over multiple rounds led by Accel and counts Omidyar Network and Nippon Life Insurance among its other major investors.Bluechip Capital was advised by Pegasus Finserv on the transaction, while Scripbox was supported by LegaLogic Consulting and Globeview Advisors LLP. ...moreElevate your knowledge and leadership skills at a cost cheaper than your daily tea.Subscribe Now