Founder · Neo Group

Nitin Jain

Founder & Chairman & MD & ex-CEO, PAG-Edelweiss Wealth of Neo Group, a wealthtech company based in Mumbai. Also building Scrubsy.

Founder · Chairman & MD · ex-CEO, PAG-Edelweiss WealthMumbaiWealthtech
Founded
2021
Mumbai, Maharashtra, India
Raised to date
₹500 crore
1 round on record
Latest round
Private equity round
₹500 crore · Mar 2026

About

Nitin Jain is Founder & Chairman & MD of Neo Group, a wealthtech company based in Mumbai, founded in 2021. Neo Group's most recent disclosed round was a Private equity round of ₹500 crore in Mar 2026. Nitin is also linked to Scrubsy on StartupFox.

Compiled from StartupFox records · updates as coverage is published

Companies

Est. 2021
Neo Group
Wealthtech · Mumbai

Neo Group (Neo Wealth and Asset Management) is a Mumbai-based wealth and asset management firm serving ultra-high-net-worth individuals, founders and family offices with alternative investment funds, private credit and bespoke yield strategies.

Funding
Mar 2026Private equity round₹500 croreTVS Capital Funds (lead)
Company profile →1 round on record
Scrubsy
D2C · Gurugram · 11–50 people · Active

Scrubsy (BoldChem Science Pvt Ltd) is a Gurugram-based direct-to-consumer home-cleaning brand founded in 2025 by Kartik Sibal, Ishan Suri, Nitin Jain and Aditya Bhasin. It develops, formulates and manufactures its own foam-based kitchen, bathroom and footwear cleaning products, selling through its website and online marketplaces.

Funding
Aug 2026Seed (Aug 2026)$3MV3 Ventures
Company profile →1 round on record

Journey with Neo Group

1 milestone
  1. Mar 2026Milestone

    Enters the unicorn club at a ₹10,000 Cr pre-money valuation — a marker of India's wealth-management boom driven by UHNI growth and generational wealth transfer. Read the story →

Also building Neo Group

Coverage

1 story

Quick answers

Who is Nitin Jain?

Nitin Jain is the Founder & Chairman & MD & ex-CEO, PAG-Edelweiss Wealth of Neo Group, a wealthtech company based in Mumbai, founded in 2021. Nitin Jain is also associated with Scrubsy.

Who founded Neo Group?

Neo Group's founders and leadership on record at StartupFox are Nitin Jain, Hemant Daga, Varun Bajpai and A. Srikanth.

How much funding has Neo Group raised?

Neo Group has raised ₹500 crore across 1 disclosed round on record. The latest was a Private equity round of ₹500 crore in Mar 2026, with TVS Capital Funds (lead).

Where is Neo Group based?

Neo Group is headquartered in Mumbai, Maharashtra, India.

What has StartupFox reported about Nitin Jain?

StartupFox has published 1 story naming Nitin Jain; the most recent is “Scrubsy Raises ₹27 Crore From V3 Ventures to Expand Home-Cleaning Range”.

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Sources & updates

This profile is compiled by the StartupFox desk from company announcements, regulatory filings and our own reporting. If this is you, you can verify it with LinkedIn and edit it.

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