NEW DELHI: Wealth and Asset Management startup Neo, has raised $35 million (Rs 300 crore) in fresh funding from Peak XV Partners.
The funds will help the firm catalyse growth initiatives, expand the Wealth Management business, deepen the Asset Management franchise, and hire top talent.
With over $3 billion in Assets Under Advisement (AUA), including $360 million (INR 3,000 crore) in Assets Under Management (AUM), Neo provides its clients, typically the top billionaires in the country, with advisory and yield-based investment solutions
India has the second largest number of high net-worth individuals (HNI) amongst Brics nations. However, the wealth industry is still at a relatively nascent stage when it comes to financial advisory and wealth management. There is also a glaring deficit of expert wealth managers in the country. Neo aims to address these gaps with a focus on client alignment.
Launched in 2021, Neo claims to have over 1,000 clients across HNIs, UHNIs and multi-family office segments. “markets. “This alliance is more than just a strategic move. In fact, with this powerful collaboration, we are better equipped than ever to offer innovative solutions, deliver exceptional value, and empower our clients to achieve their financial goals’’, said Nitin Jain, Chairman & Managing Director, Neo Wealth and Asset Management.
The funds will help the firm catalyse growth initiatives, expand the Wealth Management business, deepen the Asset Management franchise, and hire top talent.
With over $3 billion in Assets Under Advisement (AUA), including $360 million (INR 3,000 crore) in Assets Under Management (AUM), Neo provides its clients, typically the top billionaires in the country, with advisory and yield-based investment solutions
India has the second largest number of high net-worth individuals (HNI) amongst Brics nations. However, the wealth industry is still at a relatively nascent stage when it comes to financial advisory and wealth management. There is also a glaring deficit of expert wealth managers in the country. Neo aims to address these gaps with a focus on client alignment.
Launched in 2021, Neo claims to have over 1,000 clients across HNIs, UHNIs and multi-family office segments. “markets. “This alliance is more than just a strategic move. In fact, with this powerful collaboration, we are better equipped than ever to offer innovative solutions, deliver exceptional value, and empower our clients to achieve their financial goals’’, said Nitin Jain, Chairman & Managing Director, Neo Wealth and Asset Management.