Neo Group Secures Rs 350 Crore in New Funding for Wealth Management

Wealth management is at the forefront with Neo Group raising Rs 350 crore (approximately $36.3 million) in a recent funding round, spearheaded by existing investor Peak XV Partners. This investment follows Neo’s earlier achievement of raising Rs 550 crore from TVS Capital, bolstering its financial resources as it continues to grow its wealth and asset management operations.

The newly acquired capital will be dedicated to technological advancements, team expansion, and the creation of new product lines. Established by Nitin Jain, Neo Group offers a range of services including wealth management, asset management, and investment advisory, primarily targeting high-net-worth individuals and family offices.

As of June 30, 2026, Neo Group managed approximately Rs 1.3 lakh crore in client assets through its advisory and asset management functions. The firm also oversees around Rs 50,000 crore in assets that generate annualised recurring revenue.

Currently, Neo has a presence in over 30 cities across India and has extended its operations to the United States. The team comprises more than 850 professionals, inclusive of over 150 senior wealth advisors. In November of the previous year, Neo Assets achieved the initial close of its second private credit fund at Rs 2,000 crore. Approved by SEBI, this fund is designed to offer credit solutions to unlisted firms while acquiring secondary positions.

Prior to this, Neo raised Rs 221 crore (approximately $25 million) in a follow-on funding round led by Crystal Investment Advisors (Atha Group) in November last year. Additionally, the company raised $120 million, which included a $48 million round in August 2024 and $35 million in Series B funding in October 2023. Startup Superb had the exclusive scoop on both funding rounds.