Mumbai-based Neo Group, a company that helps people manage their wealth and investments, has raised INR 500 crore from private equity firm TVS Capital. This investment values the company at INR 10,000 crore before the new funding is added.
While the exact valuation from its previous 2025 funding round is not known, this latest investment officially makes Neo Group a unicorn (a startup valued at over $1 billion).
The company plans to use this new funding to expand its business faster and offer more specialized financial solutions to its clients.
“Our objective has always been to build an enduring institution with strong governance, disciplined capital allocation, and client-first alignment. The continued participation of high-quality investors reinforces confidence in our platform and our long-term strategy,” Nitin Jain, chairman and managing director, Neo Group, said.
“Nitin and his team have built something with genuine depth — in advisor talent, in platform rigour, and in leadership clarity. TVS Capital is happy to be part of that story,” said Shyam Srinivasan, chairman of the FS advisory board at TVS Capital Funds.
Founded in 2021, Neo Group helps wealthy individuals, ultra-wealthy families, and family offices manage their money and investments. The company says it currently manages around ₹1 lakh crore worth of client assets.
Its asset management arm, Neo Asset Management, announced the first close of its secondaries private equity fund worth ₹2,000 crore. In August last year, it successfully raised ₹750 crore for this fund.
With this fund, Neo Group plans to invest in 12–15 startups across different sectors such as BFSI, healthcare, consumer, IT/ITeS, industrials, and services. The company aims to invest between ₹50 crore and ₹250 crore in each startup.
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