Neo Group raised INR 221 crore.
Mumbai-based wealth and asset management firm Neo has raised INR 221 crore from Crystal Investment Advisors led the round with INR 193 crore, while Morde Foods invested INR 28 crore. Neo Group is a new-age wealth, asset and risk management platform that aims to provide clients with unbiased investment solutions in a transparent and cost-efficient manner.
Scripbox turns profitable in FY25
Scripbox posted a profit of Rs 12.77 crore with Rs 107 Cr revenue in FY25
Definedge Securities Broking closes angel round.
Pune based stock brokerage firm Definedge Securities Broking (Definedge) announced the closure of its first angel round of investment to drive user acquisition through its product-and-education model. The investment was led by industry veterans and angel investors, including Hemant Luthra, Ajay Srivastava, D Prasad, Nitin Agarwal, and Madhusudan N Sarda, the brokerage said in a statement without disclosing the investment size.
Wealthy has raised $14.5 million
Wealthy.in which is a wealth-tech platform for mutual-fund distributors and wealth management professionals, has raised Rs 130 crore in its Series B round led by Bertelsmann India Investments. Its existing investors Shepherd’s Hill Group and Alpha Wave Global also participated. Founded by IIT–IIM alumni Aditya Agarwal and Prashant Gupta, Wealthy’s platform processes over Rs.300 crore in monthly transactions and works with a network of more than 6,000 mutual fund distributors serving over 100,000 clients across 1,000+ towns
Blostem raises from Rainmatter
Blostem raises pre-Series A funding for an undisclosed amount, Rainmatter a 9% stake in the startup. Blostem is essentially a payment aggregator equivalent for banking products. They offer a single platform that lets apps offer FDs from multiple banks and NBFCs through a standardized onboarding, booking, and servicing flow.Â
