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Social impact focused omidyar network invests in scripbox

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Bengaluru – April 17, 2017. RedNewswire/-

I am delighted to let you know that your friendly investment service, Scripbox has attracted new investment from Omidyar Network, a California based investment firm. Our existing investors, Accel Partners and various Angel Investors, have also made additional investments.

Omidyar Network, is known for funding businesses that have significant social impact, and the investment is driven by a similarity in thought and ideals. This investment is a validation of the importance as well as continuing success of our mission to empower every Indian with key money skills.

We want every salaried individual to take charge of their financial destiny and will help them do so without confusing them with jargon. The investment will help us grow beyond the 1 million Indians across 370 cities we have already touched with our message of financial independence.

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Anuradha Ramachandran, director, Investments at Omidyar Network who joins the Scripbox Board had this to share, “As India moves from promoting adoption and usage of financial services to building consumers’ financial health, simplified offerings like Scripbox will become more strategic. Scripbox is set to make a fundamental difference to the way Indians save and invest in their future, turning a deep understanding of consumers’ needs into an innovative technology-led platform.”

Thank you for being a part of this journey so far and the one ahead of us. I hope you will continue to helps us grow the community of financially aware and proactive families.

Ashok Kumar E R

CEO
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