Neo Group raised Rs 500 crore in a fresh PE funding round led by TVS Capital Funds.
The investment values the Mumbai-based wealth manager at Rs 10,000 crore, making it India's newest unicorn.
The capital will aggressively scale bespoke financial solutions, specifically private credit and AIFs.
This milestone highlights a broader industry shift where ultra-rich Indian investors are migrating from traditional legacy banks to highly specialized advisory firms.
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