India

Mumbai-Based Veriqus Lands $40 Mn to Scale WealthTech Business

Jul 21, 2026 | By Nguyen Minh

Mumbai-based wealthtech company Veriqus Group has raised Rs 387 crore (around US$40 million) in a funding round.

SUMMARY

Veriqus Group raised Rs 387 crore (US$40M) in a funding round led by Norwest Venture Partners.
The funding will support AI platform upgrades, advisor network expansion, and growth in Tier II cities.
Veriqus provides AI-powered wealth management solutions for financial advisors.

The investment was led by Norwest Venture Partners.

The new funding will help Veriqus Group grow its network of wealth advisors, improve its AI-powered wealth management platform, and expand into Tier II and other fast-growing cities across India.

“Veriqus intends to build a strong presence across Tier II and other high-growth cities, bringing institutional-quality advice and sophisticated investment solutions closer to entrepreneurs, business owners and multi-generational families,” Gumashta said.

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Founded in 2026 by Roshi Jain and Anand Khatau, Veriqus provides technology and wealth management solutions for financial advisors and wealth creators.

Its platform offers investment products, portfolio management, and AI-powered tools to help advisors manage and grow their clients' investments.

The company currently works with more than 500 wealth creators, who manage assets worth over Rs 1.2 lakh crore.

Veriqus plans to grow its network further and expand into smaller cities across India, where more people are looking for professional wealth management services.