Neo Group has secured ₹350 crore in new funding. The round was led by Peak XV Partners, an existing investor in the company, who increased their stake as a result. The funds will be utilized for technology development.
Mumbai-based Neo Group provides asset management, wealth management, and investment-related services. It was founded in 2021 by Nitin Jain, Hemant Daga, and Varun Bajaj. This sector is expanding rapidly in India and holds significant growth potential for the future.
In FY25, the company recorded a revenue of ₹177 crore and a Profit After Tax of ₹43 crore. It currently operates in over 30 cities across India.
