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Events / Business / Veriqus raises Rs 387 crore from Norwest
Business funding round

Veriqus raises Rs 387 crore from Norwest

Analysis based on 8 articles · First reported Jul 20, 2026 · Last updated Jul 20, 2026

Sentiment
30
Attention
2
Articles
8
Market Impact
General
Live prominence charts, article sentiment distribution, and event development timeline available on the Ergen Dashboard
Market Impact

The funding signals strong investor confidence in India's wealthtech sector, which has seen significant capital inflows. Veriqus's expansion plans may intensify competition among wealth management platforms, potentially benefiting clients through improved services.

wealth management financial technology
Event Summary

Veriqus Group, an integrated wealth and asset management platform serving high-net-worth individuals, family offices, entrepreneurs, and institutions, has raised approximately ₹387 crore ($40 million) in a funding round led by Live Oak Venture Partners. The company was co-founded by Ashish Gumashta, former chairman and CEO of Julius Baer Group, and Roshi Jain, former senior fund manager at HDFC Asset Management Company. The platform combines wealth management, asset management, business advisory, and lending solutions. The funds will be used to expand its network of wealth creators, strengthen its AI-enabled platform, and deepen presence in Tier II and other high-growth cities in India. Norwest's principal Nikhil Kookada highlighted the inflection point in India's wealth management industry. The company currently works with over 500 wealth creators managing assets worth over ₹1.2 lakh crore.

Key Actions
100 Veriqus Group raised funding
100 Live Oak Venture Partners led funding round Veriqus Group
80 Veriqus Group launched platform
60 Ashish Gumashta co-founded company Veriqus Group
60 Roshi Jain co-founded company Veriqus Group
50 Veriqus Group plans to expand
Entities Involved
priv
Veriqus Group
Veriqus raised ₹387 crore to expand its integrated wealth and asset management platform, enhancing its competitive position in India's wealthtech market.
Importance 100.0 Sentiment 70.0
priv
Live Oak Venture Partners
Norwest led the funding round, reinforcing its commitment to India's wealth management sector and gaining exposure to a promising platform.
Importance 80.0 Sentiment 50.0
per
Ashish Gumashta
As co-founder, Gumashta leverages his extensive wealth management experience to build Veriqus, positioning it as a technology-driven platform.
Importance 70.0 Sentiment 60.0
per
Roshi Jain
Jain co-founded Veriqus and will lead its asset management arm, bringing expertise from managing over ₹1.35 lakh crore at HDFC AMC.
Importance 70.0 Sentiment 60.0
cnt
India
India's wealth management industry is at an inflection point, and Veriqus's expansion targets Tier II cities, contributing to the sector's growth.
Importance 50.0 Sentiment 40.0
per
Nikhil Kookada
As Norwest's principal, Kookada articulated the investment rationale, highlighting the opportunity in India's wealthtech space.
Importance 40.0 Sentiment 30.0
stock
Julius Baer Group
Julius Baer Group is mentioned as the former employer of co-founder Ashish Gumashta, but is not directly impacted by the event.
Importance 30.0 Sentiment 20.0
stock
HDFC Asset Management Company
HDFC AMC is noted as the former employer of co-founder Roshi Jain, but is not directly affected by the funding.
Importance 30.0 Sentiment 20.0
per
Anand Khatau
Anand Khatau is mentioned as a co-founder in one article, but his role is not detailed; he is a minor figure in this event.
Importance 20.0 Sentiment 10.0
Relationships
Live Oak Venture Partners related ↔ India
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