India, March 21 -- Mumbai-based wealth advisory and asset management company (AMC) Neo Group has raised Rs.500 Cr ($53 Mn) from private equity (PE) firm TVS Capital, and its affiliates, at a pre-money valuation of Rs.10,000 Cr ($1.08 Bn).

While there appears no clarity on the valuation at which it last raised funds in 2025, the latest round formally pegs the company as a unicorn.

In a statement, Neo Group said that the fresh capital will be utilised to accelerate growth and deliver knowledge-driven solutions to its clients.

"India's wealth management industry is at a structural inflection point. Neo combines the two hardest things to build-trust and talent-into a high-quality, institutional franchise. We're excited to partner with Neo'...