Integrated wealth and asset management platform Neo Group has raised approximately INR 350 crore in a fresh funding round led by Peak XV Partners, further strengthening its capital base as it expands its presence across India’s fast-growing wealth management sector.
The company has signed definitive agreements for the investment, with the transaction expected to close shortly. The latest round marks a renewed commitment from Peak XV Partners, which was Neo Group’s earliest institutional investor.
The fundraise comes at a time when Neo Group has established itself as one of India’s fastest-growing wealth and asset management firms. The company currently has nearly INR 3,000 crore in equity capital, manages approximately INR 1.30 lakh crore in total client assets, and oversees INR 50,000 crore in annualised recurring revenue (ARR) assets. It operates in more than 30 cities through a workforce of over 850 professionals, including more than 150 senior wealth advisors with experience across leading global private banking institutions.
Neo has built its business around a technology-enabled, advisory-led model that combines wealth management with alternative asset management capabilities. Its wealth advisory platform offers investment solutions backed by experienced specialists, while its asset management business focuses on private credit, infrastructure and private equity strategies.
Commenting on the development, Nitin Jain, Chairman and Managing Director of Neo Group, said the latest investment would help the company strengthen its long-term growth strategy.
“Our objective has always been to build an enduring institution with strong governance, disciplined capital allocation and client-first alignment. This fundraise gives us the capital and long-term partnership to keep building for the future by investing in talent, technology and new product capabilities as we expand our presence across India,” he said.
Peak XV Partners said the investment reflects its confidence in Neo’s execution and long-term vision.
“We have believed in Neo’s vision from the early days and continue to be impressed by the strength of the platform Nitin and the team are building. 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, Managing Director, Peak XV Partners.
The latest investment follows TVS Capital’s INR 550 crore investment in Neo Group announced recently, underscoring continued institutional confidence in the company’s business model and growth potential. Together, the two funding rounds are expected to support Neo’s investments in technology, talent acquisition, product innovation and geographic expansion.
Headquartered in Mumbai, Neo Group serves family offices, ultra-high-net-worth individuals (UHNIs), high-net-worth individuals (HNIs), institutions and corporates. As of June 30, 2026, the company managed around INR 1.30 lakh crore in client assets across assets under advice and assets under management. The firm has operations across key Indian cities, including Delhi, Bengaluru, Hyderabad, Chennai, Goa and Jaipur, along with a presence in the United States.
With fresh capital and continued backing from leading institutional investors, Neo Group is positioning itself to capture the growing demand for sophisticated wealth and asset management solutions in India as the country’s affluent investor base continues to expand.
By: Sanya Sharma
