People · Financial Services
Neo Group raises $36.31 million in Series C funding
By Startup Enthusiast ·
- Date
- Company
- Neo Group
- What it does
- wealth and asset management
- Kind
- People
- Based in
- Mumbai
- Sector
- Financial Services
What they do
Neo Group is a wealth and asset management firm based in Mumbai with over 850 employees and manages about ₹1.3 lakh crore in assets
What happened
The company raised $36.31 million in a Series C round, which is part of a larger week where 19 Indian startups raised over $297 million in total
Why it matters
Anirban Banerjee has been appointed as co-founder and chief people and transformation officer, bringing over two decades of experience in human resources…
The details
- Neo Group raised $36.31 million in a Series C funding round in July 2026.
- The funding was part of a week where 19 Indian startups raised over $297 million in total.
- The round was led by Peak XV Partners, as reported in the funding news.
- Neo Group is a wealth and asset management firm based in Mumbai with over 850 employees.
- The company manages approximately ₹1.3 lakh crore in combined assets under advice and assets under management as of 30 June 2026.
- Neo Group serves family offices, ultra-high-net-worth individuals, high-net-worth individuals, institutions, and corporate clients.
The bigger picture
- The funding round was part of a significant increase in startup funding in India, with a 125% week-on-week rise in capital raised.
- Neo Group's Series C round was among the largest of the week, along with Emergent and Rize.
- The company is expanding its platform and strengthening its long-term organisational capabilities.
About the business
- Neo Group operates in the wealth and asset management sector, offering services to family offices, ultra-high-net-worth individuals, high-net-worth individuals, institutions, and corporate clients.
- The company manages approximately ₹1.3 lakh crore in combined assets under advice and assets under management.
- Neo Group has a presence in more than 30 locations and employs over 850 professionals.
- The firm's services include wealth management, asset management, and alternative investment businesses.
- Headquartered in Mumbai, Neo Group is expanding its platform and organisational capabilities.
What happens next
- Neo Group is expanding its platform and organisational capabilities.
- The company is strengthening its long-term organisational structure and culture.
The deal
- Type
- funding
Investors
- Peak XV Partners (lead) — A venture capital firm that has invested in multiple Indian startups.
Founders
- Anirban Banerjee, co-founder and chief people and transformation officer
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