India, June 1 -- Wealthtech startup Scripbox has acquired the mutual fund distribution business of wealth management firm Bluechip Capital to expand its footprint in Delhi NCR.

Via the acquisition, Scripbox will acquire Bluechip Capital's clients and employees, who will gain access to Scripbox's "institutional research capabilities, data-driven asset allocation and full-spectrum digital wealth management offerings."

The startup didn't disclose the financial specifics of the amalgamation deal.

Founded in 1993 by Ravi Kohli, Bluechip Capital offers its clients mutual fund distribution services. It also offers clients credible succession plans, long-term institutional continuity and world-class platform capabilities.

"When we find firms ...