Wealth-tech firm Neo Group has secured ₹350 crore in a funding round led by Peak XV Partners. The capital will support technology upgrades and the expansion of advisory services for high-net-worth clients. The company currently manages ₹1.3 lakh crore in assets across India.
Wealth management platform Neo Group has successfully raised approximately ₹350 crore in a new funding round led by its existing backer, Peak XV Partners. This capital infusion is intended to support the company’s efforts to strengthen its technological infrastructure and scale its advisory service offerings for wealthy individuals and institutional clients.
Business Context and Asset Base
Founded by former private banking professionals, Neo Group focuses on providing financial advisory services to ultra-high-net-worth individuals, family offices, and corporations. As of June 30, 2026, the company manages approximately ₹1.3 lakh crore in assets. Its operations currently span more than 30 cities across India, supported by a workforce of over 850 employees. The company operates in a competitive segment of the financial services market that targets sophisticated investors who require customized wealth solutions.
Strategic Use of Capital
According to the company, the fresh funds are earmarked for building out digital tools and expanding its operational reach. For companies in the wealth-tech space, investing in technology is often necessary to handle complex portfolio management and to improve the speed of service delivery. By strengthening its technology and advisory footprint, Neo Group aims to increase its penetration in cities where the demand for professional wealth management has been rising.
Market and Sector Dynamics
India’s wealth management sector has seen increased interest from private equity investors like Peak XV Partners, driven by a growing population of wealthy individuals and the increasing financialization of savings. In this segment, the ability to retain talent and maintain high-quality advisory standards is a common benchmark for success. Unlike traditional banks, specialized wealth-tech platforms often rely heavily on their advisory reputation and the ability to manage large assets under a single institutional framework. Investors typically monitor how such platforms balance their aggressive expansion plans with the costs of acquiring high-net-worth clients and maintaining long-term service quality. The next significant update for stakeholders will be the company’s progress in integrating new technology into its existing service model and its ability to continue growing its assets under management in a competitive landscape.