Neo landed another funding round, just weeks after raising Rs 550 crore from TVS Capital. With this new injection, they’ve got plenty of cash to invest in tech, hire more people, and roll out new products
Neo Group, the wealth and asset management firm founded by Nitin Jain, has raised Rs 350 crore in a fresh funding round led by existing investor Peak XV Partners. The investment arrives shortly after Neo secured Rs 550 crore from TVS Capital, making this an unusually concentrated period of capital raising for the company as it pushes to expand its advisory and asset management platform.
The Scale of the Business
As on June 30, 2026, Neo Group has managed about Rs 1.3 lakh crore in client assets across its advisory and asset management arms. Out of that, Rs 50,000 crore brought in steady, recurring revenue each year. They’re active in over 30 cities across India and have a presence in the US, backed by a team of more than 850 people, including 150-plus senior wealth advisors. Most of their clients are high-net-worth individuals or family offices.
Where the Capital Goes
As for the new funding, Neo plans to pour it into better tech, growing the team, and launching fresh product lines, all to strengthen their platform for wealthy clients.
A Track Record of Raising Capital
Neo’s fundraising streak is impressive. This round follows a $48 million raise in August 2024, a $35 million Series B in October 2023, and another Rs 221 crore in November last year led by Crystal Investment Advisors. That same November in 2025, Neo Assets closed the first leg of its second private credit fund at Rs 2,000 crore. This pushed their SEBI-registered credit business further, giving more loans to unlisted companies and snapping up secondary positions.
Investor trust clearly isn’t slowing down. Peak XV, for example, has backed them through several rounds, showing solid faith in Neo’s strong position in India’s fast-growing wealth management sector.
