Neo Group Raises ₹350 Crore in Growth Funding Led by Peak XV Partners

Neo Group Secures ₹350 Crore Growth Investment

Mumbai-based wealth and asset management firm Neo Group has signed definitive agreements to raise ₹350 crore (approximately $36.3 million) in a growth funding round led by existing investor Peak XV Partners.

The transaction is expected to close shortly. The company did not disclose its valuation or the investment split among participating investors.

Strengthening Wealth Management Platform

Founded in 2021 by Nitin Jain, Neo Group provides integrated wealth and asset management services to ultra-high-net-worth individuals (UHNIs), high-net-worth individuals (HNIs), family offices, institutions, and corporates.

The company currently manages approximately ₹1.3 lakh crore in client assets and operates across more than 30 cities with a team of over 850 professionals.

Funding to Drive Growth and Technology

Neo Group said the fresh capital will be used to expand its talent base, strengthen its technology platform, and develop new investment products as it continues to scale its operations across India.

The latest investment follows the company's ₹550 crore fundraising from TVS Capital earlier in 2026, bringing its total capital raised this year to ₹900 crore.

Continued Backing from Existing Investor

Peak XV Partners first invested in Neo Group in 2023 and has continued to support the company through multiple funding rounds.

With the latest investment, Neo Group plans to continue expanding its wealth management and asset management platform while strengthening its long-term growth strategy.