Wealth and asset management firm Neo Group has secured Rs 350 crore (approximately $36.3 million) in a fresh funding round led by its existing investor Peak XV Partners, further strengthening its capital position as it scales its operations.
The latest investment follows the company’s recent Rs 550 crore fundraise from TVS Capital, providing Neo Group with additional resources to accelerate the growth of its wealth and asset management business.
The company will deploy the fresh capital to strengthen its technology platform, expand its workforce, and introduce new investment products and solutions.
Founded by Nitin Jain, Neo Group offers wealth management, asset management, and investment advisory services to high-net-worth individuals (HNIs) and family offices across India and international markets.
As of June 30, 2026, the company managed approximately Rs 1.3 lakh crore in client assets across its advisory and asset management businesses. Additionally, Neo oversees nearly Rs 50,000 crore in annualised recurring revenue-generating assets.
Neo Group currently operates in more than 30 cities across India while also maintaining a presence in the United States. The firm employs over 850 professionals, including more than 150 senior wealth advisors, to serve its growing client base.
Earlier, in November last year, Neo Assets completed the first close of its second private credit fund at Rs 2,000 crore. Registered with SEBI, the fund provides credit solutions to unlisted companies while also acquiring secondary market positions.
The company has maintained strong fundraising momentum over the past few years. In November last year, Neo raised Rs 221 crore (around $25 million) in a follow-on funding round led by Crystal Investment Advisors (Atha Group). Before that, the company secured $120 million through multiple funding rounds, including $48 million in August 2024 and $35 million in Series B funding in October 2023.
