Wealth and asset management startup Neo bags $35 million in funding from Peak XV Partners

Wealth and Asset Management startup Neo has secured $35 million in funding from Peak XV Partners. The investment will support the company’s growth initiatives, expansion of its Wealth and Asset Management businesses, and hiring top talent. Neo, which serves high-net-worth individuals in India, aims to address the gaps in the country’s wealth management industry and shortage of expert wealth managers. The company currently has over 1,000 clients and manages over $3 billion in assets.