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The company recorded a 61% year-on-year increase in assets under management (AUM) to Rs 8,001 crore in Q1 FY27.
The fund is anchored by Self-Reliant India Fund, HDFC Asset Management Company, and HDFC AMC Select AIF FoF.
The company will use the fresh capital to expand its network of wealth creators, and enhance its AI-powered wealth management platform, among others.
The investment comes soon after Neo secured funding from TVS Capital earlier in March.
Swaminathan has been part of Scripbox since 2016, beginning his journey in a growth-focused role.
Simo joined OpenAI’s board in 2024 before taking charge of the newly created CEO of Applications role in 2025.
Earlier this year, PhonePe's Share.Market and wealth business head Ujjwal Jain stepped down after four years with the company.
Loan disbursements rose 37% year-on-year to around Rs 3,812 crore during the first quarter of FY27.
Toro has been appointed Co-founder and Chief Technology Officer (CTO) while Banger has been named Co-founder and Chief Business Officer.
The ED alleged that these platforms advertised instant cross-border money transfer services using cryptocurrencies despite not being authorised payment system operators.
Kumar launched Setu in 2018 alongside Sahil Kini after previously cofounding customer feedback startup Voyce.
The company has appointed Apoorv Kalra, formerly with Junglee Games, to lead its automobile insurance business, while ex-Meta executive Kunal Kapur will head the health insurance vertical.
As part of the acquisition, StackAI founders Tony Rosinol and Bernard Aceituno will join Asana.
In a LinkedIn post, Jain described his exit as the close of a long phase and the beginning of something new.
The round also saw participation from existing investors Lightspeed and Z47.
Deshpande said he will be taking a short pause to reflect and reset without disclosing his next move.
Ternus takes over at a moment when Apple is under increasing pressure to define its position in the AI race.
Previously, Maheshwari has held senior leadership positions at Twitter India, Flipkart, and Intuit.
Chandani has resigned to pursue other career opportunities outside the company with effect from April 6.
His departure adds to leadership challenges facing the payments bank, which has been under regulatory scrutiny in recent months.
