About Neo Asset Management
Neo Asset Management is a company based in Mumbai (India) founded in 2021 by Puneet Jain, Hemant Daga, and Nitin Jain.. Neo Asset Management has raised $47.62 million across 3 funding rounds from investors including Neo Wealth, Peak XV Partners and Atha Group. The company has 32 employees as of April 09, 2024. Neo Asset Management has completed 1 acquisition, including SolarArise. Neo Asset Management operates in a competitive market with competitors including Fidelity Investments, UTI Mutual Fund, S&P Global, Bank of America and FIS, among others.
- Headquarter Mumbai, India
- Employees 32 as on 09 Apr, 2024
- Founders Puneet Jain, Hemant Daga, Nitin Jain
- Stage Minicorn
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Neo Asset Management Private Limited
- Date of Incorporation 18 Nov, 2021
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$1.55 M (USD)577.98as on Mar 31, 2023
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Net Profit
$-461.17 K (USD)-780.9as on Mar 31, 2023
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EBITDA
$-1.78 M (USD)-1225.76as on Mar 31, 2023
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Total Equity Funding
$47.62 M (USD)
in 3 rounds
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Latest Funding Round
$3.82 M (USD), Series B
Jul 25, 2024
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Investors
Neo Wealth
& 8 more
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Employee Count
32
as on Apr 09, 2024
- Investments & Acquisitions
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Funding Insights of Neo Asset Management
Neo Asset Management has successfully raised a total of $47.62M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $3.82 million completed in July 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series B — $3.8M
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First Round
First Round
(15 Dec 2021)
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2024 | Amount | Series B - Neo Asset Management | Valuation |
investors |
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| Oct, 2023 | Amount | Series B - Neo Asset Management | Valuation | Peak XV Partners |
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| Dec, 2021 | Amount | Series A - Neo Asset Management | Valuation | S N Damani Infra , BridgeMonte |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Neo Asset Management
Neo Asset Management has secured backing from 9 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Neo Wealth, Peak XV Partners and Atha Group. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital firm investing in startups and providing support programs.
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Founded Year | Domain | Location | |
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Produces premium chocolate and cocoa for B2B clients worldwide.
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Neo Asset Management
Neo Asset Management has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include SolarArise. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Solar energy projects are developed and managed across India.
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2009 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Neo Asset Management
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Neo Asset Management Comparisons
Competitors of Neo Asset Management
Neo Asset Management operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Fidelity Investments, UTI Mutual Fund, S&P Global, Bank of America and FIS, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provider of brokerage accounts, retirement planning, wealth management, and trading platforms
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| domain | founded_year | HQ Location |
Mutual funds, portfolio management, and retirement planning services are offered.
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| domain | founded_year | HQ Location |
Platform offering business intelligence solutions that combine data and actionable analytics for clients
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| domain | founded_year | HQ Location |
Commercial banking and asset management services are offered worldwide.
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| domain | founded_year | HQ Location |
Software suites for banks and financial institutions are provided.
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| domain | founded_year | HQ Location |
Financial services are provided to asset managers worldwide.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Neo Asset Management
Frequently Asked Questions about Neo Asset Management
When was Neo Asset Management founded?
Neo Asset Management was founded in 2021.
Where is Neo Asset Management located?
Neo Asset Management is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Who is the current CEO of Neo Asset Management?
Hemant Daga is the current CEO of Neo Asset Management. They have also founded this company.
Is Neo Asset Management a funded company?
Neo Asset Management is a funded company, having raised a total of $47.62M across 3 funding rounds to date. The company's 1st funding round was a Series A of $8.8M, raised on Dec 15, 2021.
How many employees does Neo Asset Management have?
As of Apr 09, 2024, the latest employee count at Neo Asset Management is 32.
What is the annual revenue of Neo Asset Management?
Annual revenue of Neo Asset Management is $1.55M as on Mar 31, 2023.
What does Neo Asset Management do?
Provider of alternative asset management solutions focusing on credit and fixed income. It offers bespoke capital solutions to stabilize and grow companies, primarily catering to institutional investors. Investment strategies include private credit, core credit, and real assets, emphasizing long-term, risk-adjusted returns and capital preservation. A process-driven approach underpins investment decisions, leveraging deep market understanding to generate returns for clients. The firms investment philosophy centers on identifying deep value opportunities with multiple layers of protection.
Who are the top competitors of Neo Asset Management?
Neo Asset Management's top competitors include Fidelity Investments, UTI Mutual Fund and Goldman Sachs.
How many acquisitions has Neo Asset Management made?
Neo Asset Management has made 1 acquisition, including SolarArise.
Who are Neo Asset Management's investors?
Neo Asset Management has 9 investors. Key investors include Neo Wealth, Peak XV Partners, Atha Group, Goyal Group, and Morde Foods.
What is Neo Asset Management's valuation?
The valuation of Neo Asset Management is $11.9M as of Dec 2021.