Peak XV leads Rs 350 crore funding round in wealth manager Neo Group

Short summary

Peak XV is leading a Rs 350 crore funding round in wealth manager Neo Group, following a Rs 550 crore investment from TVS Capital in March. Together the two rounds total Rs 900 crore, with the earlier transaction valuing Neo at Rs 10,000 crore pre-money. The deal is expected to close shortly.

• •Peak XV leads Rs 350 crore round in Neo Group
• •Combined with March's Rs 550 crore from TVS Capital, total funding reaches Rs 900 crore
• •Earlier TVS deal valued Neo at Rs 10,000 crore pre-money

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