India, Nov. 25 -- Mumbai-based wealth advisory and asset management company (AMC) Neo Group has raised $25 Mn (around INR 221.9 Cr) in a follow-on funding round led by Crystal Investment Advisors (Atha Group).

As per regulatory filing accessed by Inc42, the company has allocated 2,571 equity shares at INR 8,60,410 each to raise the capital. Crystal Investment contributed INR 193 Cr to the round, while Morde Foods Pvt. Ltd. invested INR 28 Cr.

This latest round marks Neo's third fundraise this year so far. This comes shortly after the Group raised $19 Mn in August in a round led by VT Capital. Earlier in February, the firm had also secured $20 Mn from MUFG, Peak XV Partners, and others at a pre-money valuation of about $640 Mn.

Founded ...