Neo Group secures approximately INR ₹350 crore in new funding, in a round led by Peak XV Partners
Neo Group has signed definitive agreements for an investment round of approximately ₹ 350 crore, led by Peak XV Partners, Neo Group’s earliest institutional backer with closing scheduled to be completed shortly. The investment marks a further deepening of Peak XV's commitment, as Neo Group enters its next significant phase of growth. Neo Group has built a differentiated and institutionalised Wealth and Asset Management platform in India. With nearly ₹ 3,000 Crore of equity capital, approximately ₹ 1,30,000 Crore of total client assets, and ₹ 50,000 Crore of annualised recurring revenue (ARR) assets, the platform today operates across 30+ cities through a team of over 850 professionals – including 150+ of the most respected senior Wealth Advisors in the country, drawn exclusively from the highest tiers of leading global private banking institutions. Neo Group is a uniquely knowledge-driven, super specialised platform, with an unparalleled depth of management in the wea...