India, July 16 -- Wealth and asset management startup Neo Group has raised about Rs.350 Cr ($36.3 Mn) in a funding round led by existing investor Peak XV Partners, marking its second capital raise in less than six months after raising Rs.550 Cr from TVS Capital in March.

While Neo did not disclose the valuation at which the latest round was raised, the startup had entered the unicorn club with the TVS Capital-led round. It said definitive agreements have been signed and the transaction is expected to close shortly..

The latest investment extends Peak XV's backing of the company. The VCl firm had participated in Neo's $20 Mn funding round in February 2025, alongside MUFG and other investors. Since then, the startup has raised multiple ro...