Neo raises $25 Mn led by Crystal Investment

Consumer-facing wealth and asset management firm Neo has raised Rs 221 crore (about $25 million) in a follow-on round led by Crystal Investment Advisors (Atha Group). This is the second fundraise for the Mumbai-based company in the past four months.

According to a regulatory filing sourced from the Registrar of Companies (RoC), Neo’s board approved a board resolution to allot 2,571 equity shares at Rs 8,60,410 each, to raise the above-mentioned amount.

Crystal Investment Advisors led the tranche with Rs 193 crore, while Morde Foods Private Limited…