Indian wealth and asset management firm Neo Group has signed definitive agreements for an investment spherical of roughly Rs 350 crore led by Peak XV Companions.

The transaction is predicted to shut shortly, in keeping with the corporate. Peak XV is Neo Group’s earliest institutional investor and first partnered with the agency in 2023.

Neo stated the capital will help funding in expertise, know-how and new product capabilities because it expands throughout India.

“Our goal has at all times been to construct a permanent establishment with sturdy governance, disciplined capital allocation, and client-first alignment,” stated Nitin Jain, chairman and managing director of Neo Group.

“This fundraise offers us the capital and long-term partnership to maintain constructing for the longer term, investing in expertise, know-how, and new product capabilities as we increase our presence throughout India,” he stated.

Neo Group was based in 2021 by Nitin Jain, Hemant Daga and Varun Bajpai. It offers wealth and asset administration companies to household workplaces, ultra-high-net-worth and high-net-worth people, establishments and corporations.

The Mumbai-headquartered group stated it had practically Rs 3,000 crore in fairness capital and roughly Rs 1.3 lakh crore in complete shopper belongings throughout its advisory and asset administration companies as of 30 June 2026.

Neo operates in additional than 30 cities and employs over 850 folks, together with greater than 150 senior wealth advisers. It additionally has a presence in the USA.

The group provides companies overlaying wealth administration, asset administration, personal markets, mounted revenue, international investments, insurance coverage and property planning. Its various funding methods embody personal credit score, infrastructure and personal fairness.

Sakshi Chopra, managing director at Peak XV Companions, stated the investor had believed in Neo’s plans from the corporate’s early levels.

“As India’s wealth administration market evolves and demand for extra refined monetary options grows, Neo stands out for its deep advisory expertise, institutional method, and powerful shopper alignment,” she stated.

“The size they’ve in-built a brief span displays each sturdy execution and the chance forward. We’re excited to deepen our partnership as they proceed constructing for the long run,” she added.