According to media reports, Neo Wealth and Asset Management, a division of Neo Group, recently said that it has secured USD 35 million (approximately Rs 300 crore) in funding from Peak XV Partners. This substantial investment will play a crucial role in fueling Neo’s growth initiatives, expanding their wealth management services, strengthening their asset management franchise and attracting top talent.
With a significant asset base of over Rs 25,000 crore under advisement (AUA) and Rs 3,000 crore under management (AUM), Neo offers comprehensive financial advisory and engagement solutions to its clientele. As part of their vision, Neo is developing an all-in-one platform that facilitates seamless transactions and consolidated portfolio reporting across various products, asset classes and instruments.
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