Neo Group secures INR 400 crore funding led by MUFG Bank and Euclidean Capital for wealth management expansion.

Neo Group, a wealth & asset management startup, raised INR 400 crore in its latest funding round led by MUFG Bank and Euclidean Capital. Peak XV Partners, previously known as Sequoia India, also participated. The funds will be used for wealth management division expansion and asset management business support. Neo, founded in 2021, manages over INR 35,000 crore in wealth management assets and INR 6,000 crore in alternative assets.

August 12, 2024
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