Wealth and asset management firm Neo Group has raised nearly $36.5 million (Rs 350 crore) in a fresh funding round led by existing investor Peak XV Partners, per a company announcement.
The Peak XV’s latest commitment follows private equity firm TVS Capital’s recent Rs 550-crore investment in Neo Group.
“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,” said Nitin Jain, Chairman & Managing Director, Neo Group.
Founded by Nitin Jain, Neo Group is an integrated wealth and asset management platform serving family offices, ultra-high-net-worth individuals, high-net-worth individuals, institutions and corporate. As of June 30, 2026, Neo Group managed around Rs 1.3 lakh crore in client assets across its advisory and asset management businesses.
“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,” said Sakshi Chopra, MD, Peak XV Partners.
Headquartered in Mumbai, Neo has a presence across 30 cities in India, including Delhi, Bengaluru, Hyderabad, Chennai, Goa, and Jaipur, as well as an overseas presence in the US.
The company employs over 850 professionals, including more than 150 senior wealth advisors.
