Neo Group raises Rs3.5bn in round led by Peak XV Partners
Indian wealth and asset management firm Neo Group has raised about Rs3.5bn ($36.3m) in a fresh funding round led by existing investor Peak XV Partners.
The new investment follows a recent Rs5.5bn capital infusion from TVS Capital.
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
The company did not disclose its valuation but said the transaction will close shortly.
“The investment marks a further deepening of Peak XV’s commitment, as Neo Group enters its next significant phase of growth,” the company said in its press statement.
Neo Group is an integrated wealth and asset management platform. Its clients include family offices, ultra-high-net-worth individuals, high-net-worth individuals, institutions and corporates.
As of 30 June 2026, the firm managed about Rs1.3tn in total client assets across assets under advice and assets under management.
The Mumbai-headquartered company has operations in Delhi, Bengaluru, Hyderabad, Chennai, Goa and Jaipur, along with a presence in the US.
Neo Group has a workforce of more than 850 professionals. Its offerings cover wealth management, asset management, private markets, fixed income, global investments, insurance and estate planning.
Commenting on the development, Neo Group chairman & managing director Nitin Jain said: “This fundraise gives us the capital and long-term partnership to keep building for the future – investing in talent, technology, and new product capabilities as we expand our presence across India.”
Peak XV Partners MD Sakshi Chopra said:“As India’s wealth management market evolves and demand for more sophisticated financial solutions grows, Neo stands out for its deep advisory talent, institutional approach, and strong client alignment.
“The scale they have built in a short span reflects both strong execution and the opportunity ahead. We’re excited to deepen our partnership as they continue building for the long term.”
