Wealthtech firm Neo to raise $19 Mn

Neo is raising ₹162 crore (~$19M) led by VT Capital with 17 investors, including Ramesh Kunhikannan and Sattva Family Office. In Q1 CY2025, it raised $20M at a ₹5,500 crore valuation, after securing $120M earlier. With ₹2,000 crore equity base, Neo manages ₹50,000 crore in wealth and ₹14,000 crore in alternative assets. FY24 revenue surged 2.7X to ₹177 crore, with losses at ₹13.7 crore.