PE-VC Fund Investments
Wealth advisory co. Neo Asset Management raises $25-M led by Crystal Investment
Mumbai-based wealth advisory and asset management company (AMC) Neo Group has raised USD 25 million (INR 221.9 crore) in a follow-on funding round led by Crystal Investment Advisors (Atha Group). The capital infusion, Neo's third fundraise this year, also saw participation from Morde Foods Pvt. Ltd.The group raised USD 19 million from VT Capital in August, and in February, it had raised USD 20 million from investors, including MUFG and Peak XV Partners, at a pre-money valuation of approximately USD 640 million.Founded in 2021, Neo Group provides advisory and yield-based investment products to high-net-worth (HNWIs) and ultra-high-net-worth individuals (UHNIs), as well as family offices. Its asset management arm, Neo Assets Management, announced the first close of its INR 2,000 crore secondaries private equity (PE) fund at INR 750 crore in August.
Between Oct 2023 and Aug 2025, Neo had attracted about USD 129 M from Peak XV Partners, CLSA Capital, MUFG Innovation Partners and others.
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