๐ฉ๐ฒ๐ฟ๐ถ๐พ๐๐ ๐๐ฟ๐ผ๐๐ฝ ๐ฅ๐ฎ๐ถ๐๐ฒ๐ $๐ฐ๐ฌ ๐ ๐ถ๐น๐น๐ถ๐ผ๐ป ๐ณ๐ผ๐ฟ ๐๐-๐๐ป๐ฎ๐ฏ๐น๐ฒ๐ฑ ๐ช๐ฒ๐ฎ๐น๐๐ต ๐ฃ๐น๐ฎ๐๐ณ๐ผ๐ฟ๐บ
- 10 hours ago
- 1 min read
Veriqus Group, an integrated wealth and asset management platform based in India, has raised about โน387 crore, roughly $40 million, in a funding round led by Norwest Venture Partners. The firm was founded by Ashish Gumashta, former chairman and chief executive of Julius Baer India, and Roshi Jain, former senior fund manager at HDFC Asset Management. It serves high net worth individuals, family offices, entrepreneurs and institutions.
Veriqus is positioning itself as a technology and AI-enabled platform that combines deep advisory relationships with portfolio analytics, risk monitoring, client reporting and decision support. Its asset management arm draws on fundamental research and disciplined investing, while its business advisory and lending verticals provide clients with strategic capital for growth, acquisitions and liquidity needs. Norwest principal Nikhil Kookada said India's wealth industry sits at an inflection point, driven by rapid wealth creation beyond the major metros and rising demand for holistic advice.
The launch reflects a broader WealthTech shift toward Family Office as-a-Service, in which technology extends the high-touch, multi-service model of a family office to a wider client base. By bundling investing, advisory and lending on one platform and targeting first-generation entrepreneurs in Tier II cities, Veriqus aims to bring institutional-quality advice closer to India's next generation of wealth creators. For advisors, platforms and integrators, the deal signals growing demand for integrated offerings that sit at the center of a client's financial life.
