Veriqus Group
Category: AI in Fintech
AI-enabled integrated wealth and asset management platform for HNIs, family offices, and institutions in India Veriqus Group was founded in 2026. The company is led by Ashish Gumashta. Based in Mumbai, Maharashtra, India. Total funding raised: $40.1M. Latest round: Seed. Key investors include Norwest Venture Partners.
- Founded
- 2026
- Headquarters
- Mumbai, Maharashtra, India
- Total funding
- $40.1M
Value proposition
Combines deep advisory relationships with AI-powered portfolio analytics, risk monitoring, client reporting, and decision support on a single integrated platform
Products and solutions
Wealth Management, Asset Management, Business Advisory, Lending Solutions, AI-powered portfolio analytics, risk monitoring, client reporting, and decision support
Unique value
Built from the ground up as a technology and AI-enabled platform combining deep advisory expertise with modern capabilities; open-architecture model allowing clients to choose from a wider range of investment products; founded by industry veterans with decades of experience at Julius Baer and HDFC AMC
Target customer
High-net-worth individuals (HNIs), family offices, entrepreneurs, and institutions in India
Industries served
Wealth Management, Asset Management, Financial Services
Technology advantage
AI-first platform built from scratch (not legacy); real-time portfolio tracking; automated analytics; AI-driven portfolio analysis, risk monitoring, and client reporting; open-architecture investment model
How they differentiate
Purpose-built AI-native platform (vs legacy systems); founded by top-tier industry veterans from Julius Baer and HDFC AMC; integrated wealth management, asset management, business advisory, and lending on a single platform; open-architecture model; focus on Tier-II cities and first-generation entrepreneurs
Main competitors
360 ONE Wealth & Asset Management (formerly IIFL Wealth), Dezerv, Waterfield Advisors
Key partnerships
Norwest Venture Partners (lead investor)
Major milestones
Founded in 2026 by former Julius Baer India CEO Ashish Gumashta and former HDFC AMC senior fund manager Roshi Jain, Raised ₹387 Cr (~$40.1M) in Seed funding led by Norwest Venture Partners in July 2026
Market positioning
Premium AI-enabled integrated wealth platform targeting the rapidly growing Indian HNI and family office segment, competing with both traditional wealth managers and newer wealthtech startups
Geographic focus
India (Mumbai HQ, with plans to expand into Tier-II and high-growth cities)
About Ashish Gumashta
Ex-Chairman & CEO of Julius Baer India (scaled to ~$17B AUM); Founding member of wealth business at DSP Merrill Lynch; Sydenham Institute of Management Studies
Latest news about Veriqus Group
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Official website: https://veriqus.com