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Neo Group, a wealth and asset management firm, has successfully raised Rs 400 crore in its latest funding round. The investment was led by Japan's MUFG Bank and New York-based Euclidean Capital LLC. Existing investor Peak XV Partners, which had previously invested $35 million in October 2023, also participated in this round. The newly acquired funds will be utilized to expand Neo Group's wealth management division and support its asset management business.
#TechWithMC | Peak XV Partners-backed wealthtech firm #Neo raises Rs 400 crore in its latest funding round led by #Japan’s MUFG Bank and #NewYork-based Euclidean Capital LLC. Read on 👇 https://t.co/GwQ0ly7T1v #PeakXVPartners
Peak XV Partners-backed wealthtech firm Neo raises Rs 400 crore led by MUFG, Euclidean Capital https://t.co/NLp8P0xqVb via @moneycontrolcom
💰#Wealth management firm #Neo Group secures Rs 400 crore from MUFG Bank, Euclidean Capital The funds will be used to #expand Neo's wealth management division and #support its asset management #business. https://t.co/mAXwLBuWn0
