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

Peak XV Partners considering leading a financing round in Neo Group, an asset management and financial advisory firm.

Key points:

1. Peak XV is finalizing an investment of up to $50 million in Neo Group.
2. Neo Group, founded by Nitin Jain and other financial service executives, manages over $1 billion in assets.
3. India's asset management industry is attracting more players, with Jio Financial Services and BlackRock forming a joint venture.

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