Peak XV eyes $50M investment in former Edelweiss executives’ Neo

Peak XV Partners is in advanced stages of deliberations to lead a financing round in Neo Group, an asset management and financial advisory firm, three sources familiar with the matter said.
The firm is finalizing an investment of as much as $50 million in Neo Group, which also runs a family office, the sources said, requesting anonymity as the deliberations are ongoing and not public. The deal hasn’t finalized, so the terms may change, one of the people cautioned.
Peak XV declined to comment. Mumbai-headquartered Neo Group didn’t immediately respond.
Nitin Jain, former chief execut

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