Wealth and asset management firm Neo secured Rs 400 crore ($48 million) in a Series B round led by MUFG Bank and Euclidean Capital, with Peak XV Partners participating. The funds will expand Neo’s wealth management division and support its asset management business. Neo manages Rs 35,000 crore in assets.
Wealth and asset management company Neo raised Rs 220 crore ($26.5 million) in a Series B round led by Crystal Investment. The round included contributions from Mufg Bank and investor Deepak Agarwal. Neo, valued at $231 million post-allotment, has raised $104 million to date, offering investment solutions to high-net-worth individuals.
