Neo Group Nets ₹350 Cr From Peak XV Partners To Strengthen Wealthtech Play

Wealth and asset management startup Neo Group has raised about ₹350 Cr ($36.3 Mn) in a funding round led by existing investor Peak XV Partners, marking its second capital raise in less than six months after raising ₹550 Cr from TVS Capital in March. While Neo did not disclose the valuation at which the latest round was raised, the startup had entered the unicorn club with the TVS Capital-led round. It said definitive agreements have been signed and the transaction is expected to close shortly..