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).