About Neo Wealth
Neo Wealth is a company based in Mumbai (India) founded in 2021 by Srikanth A V.. Neo Wealth has raised $12.66 million across 2 funding rounds from investors including Atha Group and VT Capital. The company has 22 employees as of April 05, 2024. Neo Wealth operates in a competitive market with competitors including Groww, Angel One, Upstox, Tiger Brokers and Samco, among others.
- Headquarter Mumbai, India
- Employees 22 as on 05 Apr, 2024
- Founders Srikanth A V
- Stage Minicorn
-
Sectors
Technology
-
Email
***********
-
Phone
*********
-
Website
*********
- Legal Name Neo Markets Services Private Limited
- Date of Incorporation 02 Dec, 2021
- Jurisdiction Mumbai, Maharashtra, India
-
Annual Revenue
$5.51 M (USD)4914.82as on Mar 31, 2023
-
Net Profit
$68.49 K (USD)238.21as on Mar 31, 2023
-
EBITDA
$4.08 M (USD)12556.31as on Mar 31, 2023
-
Total Equity Funding
$12.66 M (USD)
in 2 rounds
-
Latest Funding Round
$1.34 M (USD), Seed
Feb 10, 2022
-
Investors
Atha Group
& 1 more
-
Employee Count
22
as on Apr 05, 2024
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Funding Insights of Neo Wealth
Neo Wealth has successfully raised a total of $12.66M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $1.34 million completed in February 2022. 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 2
- Last Round Seed — $1.3M
-
First Round
First Round
(09 Oct 2021)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2022 | Amount | Seed - Neo Wealth | Valuation | Atha Group |
|
| Oct, 2021 | Amount | Seed - Neo Wealth | Valuation | Atha Group |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Neo Wealth
Neo Wealth has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include Atha Group and VT Capital. 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 |
|---|---|---|---|---|
|
Mining, renewable energy, and CSR activities in India.
|
Founded Year | Domain | Location | |
|
A proprietary trading firm is operated in financial markets.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Neo Wealth
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - Neo Wealth
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Neo Wealth Comparisons
Competitors of Neo Wealth
Neo Wealth 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 Groww, Angel One, Upstox, Tiger Brokers and Samco, 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 |
An online platform for investments and trading services is offered.
|
|
| domain | founded_year | HQ Location |
App-based brokerage stock trading platform
|
|
| domain | founded_year | HQ Location |
Tech-driven trading platform is offered for low-cost brokerage services.
|
|
| domain | founded_year | HQ Location |
Online trading of stocks, securities, and options is enabled.
|
|
| domain | founded_year | HQ Location |
Online trading platforms and investment tools are provided by Samco.
|
|
| domain | founded_year | HQ Location |
Online investment and wealth management services are provided digitally.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Neo Wealth
Frequently Asked Questions about Neo Wealth
When was Neo Wealth founded?
Neo Wealth was founded in 2021.
Where is Neo Wealth located?
Neo Wealth is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Who is the current CEO of Neo Wealth?
Srikanth A V is the current CEO of Neo Wealth. They have also founded this company.
Is Neo Wealth a funded company?
Neo Wealth is a funded company, having raised a total of $12.66M across 2 funding rounds to date. The company's 1st funding round was a Seed of $11.33M, raised on Oct 09, 2021.
How many employees does Neo Wealth have?
As of Apr 05, 2024, the latest employee count at Neo Wealth is 22.
What is the annual revenue of Neo Wealth?
Annual revenue of Neo Wealth is $5.51M as on Mar 31, 2023.
What does Neo Wealth do?
Neo Wealth was established in 2021 in Mumbai, India, within the financial services sector. Wealth management and family office services are delivered, alongside various investment options. Broking and depository participant services are offered, complemented by investment advisory and research support. Mutual funds are distributed, while investments in equities, initial public offerings, and bonds are enabled. Resources and information pertaining to securities market investments are made available to clients.
Who are the top competitors of Neo Wealth?
Who are Neo Wealth's investors?
Neo Wealth has 2 investors. Key investors include Atha Group, and VT Capital.
What is Neo Wealth's valuation?
The valuation of Neo Wealth is $43.42M as of Feb 2022.
Book a demo & talk to our team
Share a few details and we’ll reach out to schedule a session.