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, with the deal expected to close shortly. Valuation and investment splits were not disclosed. Combined with a prior Rs 550 crore investment from TVS Capital in March, total funding will reach Rs 900 crore.

• •Peak XV leads Rs 350 crore round in Neo Group; valuation undisclosed
• •Prior Rs 550 crore from TVS Capital valued Neo at Rs 10,000 crore pre-money
• •Combined transactions total Rs 900 crore once current round closes

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