Neo Group has raised ₹350 crore in a fresh funding round led by Peak XV Partners, showing strong investor confidence in the fast-growing wealth and asset management company. The investment comes just a few months after Neo Group achieved unicorn status, making it one of India’s newest startups valued at over $1 billion.
This latest funding follows another major investment of ₹500 crore from TVS Capital and its affiliates earlier this year. That round valued the company at ₹10,000 crore before the investment, officially helping Neo Group enter the unicorn club. After completing multiple funding rounds in a short period, the company now has nearly ₹3,000 crore in net equity capital to support its future growth.
Founded by Nitin Jain in October 2021, Neo Group has quickly become a well-known name in India’s wealth management industry. The company mainly serves high-net-worth individuals (HNIs), ultra-high-net-worth individuals (UHNIs), and family offices, while continuously expanding its products and services.
Neo Group Expands Business Across India and Global Markets
Neo Group has been actively raising funds over the past few years to support its rapid expansion. It raised $35 million in a Series B funding round in October 2023. In August 2024, the company secured another $48 million from MUFG Bank and Euclidean Capital. This was followed by a $20 million investment from MUFG and Peak XV Partners in February 2025, when the company was valued at around $640 million. Neo Group later raised $19 million in August 2025 and another ₹221 crore in November 2025 through a follow-on round led by Crystal Investment Advisors.
As of June 30, 2026, Neo Group manages around ₹1.30 lakh crore in client assets through its wealth advisory and asset management businesses. It also manages nearly ₹50,000 crore in annual recurring revenue-generating assets, showing how quickly the business has grown in less than five years.
The company has offices in more than 30 cities across India, including Mumbai, Delhi, Bengaluru, Hyderabad, Chennai, Goa, and Jaipur. It also has international offices in the United States and Dubai. Neo Group now employs more than 850 professionals, including over 150 senior wealth advisors who have previously worked with leading global private banks.
Neo Group operates under its parent company, Neo Investment Value Advisors Private Limited (NIVA), which runs businesses in wealth management, asset management, broking, and lending. Recently, the company also announced a leadership change in its wealth management business, with Shajikumar Devakar taking over as CEO after succeeding co-founder Varun Bajpai.
Alternative Investments and Lending Support Future Growth
Apart from wealth management, Neo Group has also expanded into alternative investments and lending. Its alternative asset management business currently manages about ₹25,500 crore across private credit, private equity, and real asset investments.
One of its key investment products is the Neo Real Asset Yield Fund, a Category III Alternative Investment Fund (AIF), which recently completed its final close with a target corpus of ₹1,000 crore. The fund invests in listed and private REITs and InvITs to offer investment opportunities for institutional investors.
The company has also launched the Neo Secondaries Fund with a target size of ₹2,000 crore. The fund plans to buy secondary stakes in strong companies at discounted prices and invest in around 12 to 15 businesses over time.
Neo Group has also strengthened its private credit business. Its second private credit fund completed its first close at ₹2,000 crore and aims to provide customised financing solutions to unlisted companies.
The company’s lending business, Arvesta Financial Services, is another important part of its expansion. Established in 2024 and operational since early 2026, Arvesta offers Loans Against Securities to HNIs, UHNIs, and family offices. It accepts both listed and unlisted securities as collateral and has a standalone net worth of more than ₹1,200 crore.
Strong Industry Growth Creates New Opportunities
Neo Group has invested heavily in expanding its business, hiring experienced professionals, and building new financial products. In FY24, the company reported revenue of ₹177 crore, nearly 2.7 times higher than the previous year. However, its losses also increased to ₹13.7 crore as it continued spending on growth. The company has not yet shared its financial results for FY25.
The overall wealth management industry in India is also growing quickly. Rising incomes, increasing investments in financial products, and higher demand for professional wealth management services are creating new opportunities for companies like Neo Group. More people are moving their investments from traditional physical assets to financial assets, helping the sector expand further.
With strong support from leading investors, a growing presence across wealth management, asset management, and lending, and a large asset base under management, Neo Group is well placed to continue its growth. The latest ₹350 crore investment from Peak XV Partners further strengthens the company’s plans to expand its financial services business and serve more wealthy investors across India.