Startup Fridays Ep 27: Investments and entrepreneurship are for the long haul, so stay invested and keep 'investing' — Atul Shinghal

<p>Our guest today is Atul Shinghal, founder and CEO of Scripbox, a company that has played an important role in making it easy for people to invest in mutual funds in India. And Scripbox is now evolving into a broader wealth management platform. Shinghal is also co-founder of Probe Information Services, which provides financial information on companies in India. He has a degree in naval architecture from IIT Madras and an MBA from IIM Bangalore.&nbsp;</p> <p>(00:00) Startup Fridays introduction</p> <p>(00:40) Brief bio of Atul Shinghal</p> <p>(01:20) How Scripbox was started — marrying the combination of investing and the power of digital</p> <p>(03:52) An old boys gang in a manner of speaking — the three founders of Scripbox</p> <p>(4:47) About Scripbox, the idea it was started with, and what it has evolved into today</p> <p>(6:20) The scale of Scripbox’s operations today</p> <p>(7:15) The first product — just one basket of four funds, for long-term money, based on the analysis that too much choice is counter-productive</p> <p>(9:44) Seven thousand rupee millionaires who got that way on via Scripbox — with an average growth of 7X; Mantra of ‘stay invested, keep investing’</p> <p>(10:45) Evolution into broader wealth management platform — ‘one home for all your money’</p> <p>(12:52) If you have 100 rupees, play with 5 but protect and grow the remaining 95 rupees.</p> <p>(14:15) The tech that power Scripbox — applied intelligence, but not artificial intelligence.</p> <p>(16:00) Early challenges of getting Scripbox off the ground</p> <p>(17:45) Breakthroughs that helped Scripbox grow</p> <p>(18:25) Advice to the man on the street on approach to investing in an uncertain world</p> <p>(21:39) Accidental entrepreneur</p> <p>(22:55) From naval architecture to finance</p> <p>(23:35) Lessons from building Scripbox — the need for speed, but also patience</p> <p>(25:33) From just specific mutual funds to a ‘full-stack’ wealth management platform — 4X growth in last 18 months</p> <p>(26:55) Lessons learnt in transitioning