Mumbai, July 20 -- Veriqus Group, an integrated wealth and asset management platform serving high net worth individuals, family offices, entrepreneurs and institutions, has raised about Rs.387 crore in a funding round led by Norwest Venture Partners, the company said in a statement on Monday.

"India's wealth management industry is at an inflection point, driven by rapid wealth creation beyond the major metros, increasing financialization of savings, and growing demand for holistic, high-quality advice," said Nikhil Kookada, principal, Norwest. "The next generation of wealth market leaders will combine deep advisory expertise with technology-enabled execution and a truly integrated platform."

The firm was founded by Ashish Gumashta, form...