Veriqus Secures Significant Investment
Veriqus Financial Services Private Limited has successfully raised ₹387 crore, with Norwest taking the lead on this significant investment. The funding round also saw participation from prominent family offices, marking a substantial milestone for the company.
Role of Universal Legal
Universal Legal played a pivotal role in advising Veriqus and its promoters, Ashish Gumashta and Roshi Jain, throughout the fundraising process. The firm offered comprehensive legal support encompassing the structuring, drafting, and negotiation of transaction documents, as well as assistance through to the closing of the deal.
Team Behind the Transaction
The transaction was spearheaded by Rashi Kapoor Mehta, a partner at Universal Legal, alongside Neelkamal Chaudhary and Henna Kapadia, both associate partners. Preksha Shah, an associate, was instrumental in the execution of the transaction. Their collective efforts ensured a seamless and efficient process.
About Veriqus
Founded by Ashish Gumashta and Roshi Jain, Veriqus is at the forefront of providing innovative technology and wealth management solutions tailored for financial advisors and wealth creators. With the new capital, the company aims to expand its network of wealth creators and enhance its AI-driven wealth management platform. Additionally, Veriqus plans to extend its reach into Tier II and other rapidly growing cities across India, thereby broadening its market footprint.
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