Neo Raises Rs 400 Crore in Funding Round Led by MUFG and Euclidean Capital

- Wealthtech firm Neo has secured Rs 400 crore in a funding round led by Japan’s MUFG Bank and New York-based Euclidean Capital LLC. - The funds will be used to expand Neo's wealth-management division and enhance sponsor support for its asset management business. - Neo's equity base now stands at Rs 1,000 crore, marking a significant milestone for the company. - India's wealth management market is projected to grow at a CAGR of 4.56% during 2025–2029, driven by new-age startups and rising affluent class. - Neo, launched in 2021, manages nearly Rs 35,000 crore in wealth management assets and is seeking an NBFC license to offer short-term loans. Source: [Moneycontrol](https://www.moneycontrol.com/technology/peak-xv-partners-backed-wealthtech-firm-neo-raises-rs-400-crore-led-by-mufg-euclidean-capital-article-12793512.html)