Neo Investment Value Advisors Private Limited has secured ₹500 crore through an equity fundraise from TVS Capital.
TT&A advised Neo Investment Value Advisors on this transaction.
The transaction team consisted of Dushyant Bagga (Partner), Punita Gupta (Partner), Garvita Mehrotra (Managing Associate), Akshita Alok (Managing Associate), Kashish Singhal (Senior Associate), Associates Eshani Agarwal and Radhika Sarda.
AZB & Partners advised TVS Capital on their investment in Neo.
Neo Investment Value Advisorsis a new-age premier wealth and asset management platform in India.
The funding round formally places Neo Group, which already has global investors like PeakXV and MUFG on its cap table, among India’s growing list of unicorns that are valued at over $1 billion.
The investment by TVS Capital in Neo Investment Value Advisors also marks TVS Capital's first investment in the wealth management sector where the invested capital is intended to accelerate growth and expand the Neo’ knowledge-driven investment solutions within the evolving Indian wealth ecosystem.
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