Funding · Financial Services

Neo Group raises ₹500 Cr, becomes unicorn

By Startup Enthusiast · 20 March 2026

What they do

Neo Group offers advisory and yield-based investment products to wealthy individuals and family offices

It raised ₹500 Cr ($53 Mn) from TVS Capital at a pre-money valuation of ₹10,000 Cr ($1.08 Bn), making it a unicorn

This is its fourth fundraise in the past year; it also manages an AMC arm with a secondaries PE fund

Neo Group raised ₹500 Cr ($53 Mn) from TVS Capital and its affiliates.
The round valued the company at a pre-money valuation of ₹10,000 Cr ($1.08 Bn).
This investment formally makes Neo Group a unicorn (a private company valued over $1 billion).
The fresh capital will be used to speed up growth and deliver knowledge-driven solutions.
This is Neo Group's fourth fundraise in the past one year.
TVS Capital principal Suraj Majee commented on the partnership.

Neo Group has raised four rounds in one year, showing rapid scaling.
The company's AMC arm Neo Assets Management achieved a first close of ₹750 Cr for a ₹2,000 Cr secondaries PE fund in August 2025.
The secondaries fund plans to back 12-15 startups in sectors like BFSI, healthcare, consumer, IT/ITeS, industrials, and services.
Cheque sizes per startup range from ₹50 Cr to ₹250 Cr.

Neo Group offers advisory and yield-based investment products to high-net-worth individuals (HNIs), ultra-high-net-worth individuals (UHNIs), and family offices.
It claims nearly ₹1 Lakh Cr in total client assets under management.
The company's AMC arm, Neo Assets Management, launched a secondaries private equity fund targeting ₹2,000 Cr.
In FY24, Neo Group reported revenue of ₹177 Cr, up 2.7 times year-on-year.
Its net loss in FY24 was ₹13.7 Cr, widening 3.8 times year-on-year.
FY25 numbers have not yet been released.

Use fresh capital to speed up growth and deliver knowledge-driven solutions.
The AMC arm's secondaries fund aims to back 12-15 startups in BFSI, healthcare, consumer, IT/ITeS, industrials, and services.
Cheque sizes per startup will range from ₹50 Cr to ₹250 Cr.

TVS Capital (lead) — A private equity firm; principal Suraj Majee commented on the partnership.