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Equirus is a mid-market investment bank based in Mumbai, Maharashtra, India, that provides comprehensive financial services including mergers and acquisitions advisory, capital markets consulting, structured finance, wealth management, and insurance broking. The financial institution manages small-cap funds currently approaching $1 billion in total assets under management and has raised $14.87 million in corporate funding to support its own operations. Expanding its alternative asset management capabilities, the organization recently launched the $25 million Equirus InnovateX Fund to target seed-stage venture capital investments across the software, deeptech, and fintech startup sectors. The firm's strategic growth and corporate advisory operations have been supported by notable financial figures including early backer Rakesh Jhunjhunwala, alongside key executives like Managing Director Bhavesh Shah and M&A head Deshmukh. The financial services firm Equirus was founded in 2007 by Ajay Garg.
Key people at Equirus.
Equirus participates through its Equirus InnovateX Fund, which focuses on backing emerging startups and has led seed rounds in various technology and consumer sectors.
Equirus participates through its Equirus InnovateX Fund, which focuses on backing emerging startups and has led seed rounds in various technology and consumer sectors.
Key people at Equirus.
Equirus, founded in 2007, is a full-service financial services firm known for its comprehensive approach to investment banking and financial advisory. The firm positions itself as a trusted partner, offering expert guidance to clients navigating complex financial landscapes and pursuing growth opportunities.
Its core offerings include investment banking services, where it advises on capital market transactions, mergers and acquisitions, and other strategic financial decisions. Equirus helps businesses secure necessary capital and optimize their financial structures to achieve their objectives.
Through Equirus Wealth, the firm provides extensive wealth and portfolio management services. These services are designed to cater to the specific financial goals of individuals, families, and businesses, ensuring personalized strategies for asset growth and preservation.
Equirus further diversifies its service portfolio with Equirus Raghnall Insurance Broking, which delivers tailored risk solutions and expert advice on insurance. The firm also offers institutional services, broadening its reach within the financial sector.
Demonstrating its commitment to innovation and the startup ecosystem, Equirus operates the Equirus InnovateX Fund. This fund actively backs emerging startups, having led seed rounds in companies within sectors such as AI and consumer tech, contributing to the development of new ventures.
Equirus Capital Private Limited is registered with SEBI as a Category I Merchant Banker. This regulatory status highlights the firm's adherence to established financial standards and its capability to undertake significant financial advisory and capital market activities.
Equirus has 2 tracked investments across 2 companies. The latest tracked deal is $66.0M Seed in Workroom Automation in March 2026.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Mar 23, 2026 | Workroom Automation | $66.0M Seed | Equirus | Astir Ventures, Bhavik Dholakia, Bhavin Sodvadiya, Varun Patel, Venture Catalysts, Viraj Lavingia, Vishal Shah |
| Feb 3, 2026 | Neverinstall | Seed | Equirus | — |
