PE Fund Investments
Neo Asset Management raises Rs.220-Cr Series B led by CLSA Capital
Mumbai-based wealth and asset management firm Neo has raised INR 220 crore (around USD 26.5 million) in a Series B round of funding led by CLSA Capital (via Crystal Investment contributing INR 140 crore), MUFG Bank (INR 78 crore) and investor Deepak Agarwal (INR 2 crore). The company is to issue Series B preference shares at INR 3,12,421 each at a post money valuation of INR 1,920 crore (around USD 231 million).
In Oct 2023, Neo had raised USD 35 M from Peak XV Partners.
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