Bengaluru-based financial advisory startup, Upwardly is merging with Scripbox, which also deals in similar financial products and mutual funds on its platform. The financial details of the transaction has not been disclosed.
Launched in 2012, Scripbox has customers from 1,250 cities and towns in India and manages assets worth Rs 1,100 crore As part of the deal, 28-member team of Upwardly will merge with Scripbox and the founders of the startup will assume leadership roles. (Source: PR)
