Neo Group Secures Rs 350 Cr as Peak XV Returns as Lead Investor

Neo Group has raised approximately Rs 350 crore in fresh funding in a round led by Peak XV Partners, bringing the investor back as the wealth management firm’s lead backer.

The latest investment comes as Neo enters its next phase of growth, with the company looking to scale its platform, strengthen its technology capabilities and expand its presence across India’s growing wealth management market.

Peak XV Partners was Neo’s first institutional investor. The fresh round marks a renewed vote of confidence in the company’s business as demand for sophisticated wealth management solutions continues to grow across the country.

Neo has signed definitive agreements for the transaction, which is expected to close shortly. The fundraise also follows a Rs 550 crore investment from TVS Capital earlier this year.

The company plans to use the fresh capital to invest in technology, expand its advisory network and develop new product capabilities.

As of June 30, 2026, Neo managed approximately Rs 1.3 lakh crore in client assets across assets under advice and assets under management. The company also had around Rs 50,000 crore in annualised recurring revenue-generating assets.

With a presence across more than 30 cities and a team of over 850 professionals, Neo serves high-net-worth individuals, ultra-high-net-worth individuals, family offices, institutions and corporates.

The latest funding comes at a time when India’s wealth management sector is witnessing growing investor interest and rising demand for institutional-quality financial solutions. With fresh capital and continued backing from marquee investors, Neo Group is now looking to further strengthen its position in the market.

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