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Total amount raised
$65M
Latest funding date
2026-02-17
Location
Stable Money has successfully raised funds through three distinct funding rounds, attracting investments from prominent venture capital firms such as Matrix Partners India, RTP Global, and Fundamentum. The platform specializes in offering fixed-return investment options, including fixed deposits, debt mutual funds, and bonds.
What Is Stable Money?
Stable Money is a private company based in Bangalore, Karnataka, India, specializing in financial services, fintech, and wealth management. The platform offers fixed-return investment options, including fixed deposits, debt mutual funds, and bonds.
Founded by Saurabh Jain and Harish Reddy, Stable Money has an employee count ranging from 11 to 50. The company is trusted by over 50 lakh users across India, ensuring security through insurance by DICGC, a subsidiary of RBI. Notable angel investors include Kunal Bahl, Nandan Nilekani, and Sriharsha Majety.
How Much Funding Has Stable Money Raised?
- Seed Round
- Amount Raised: $5,000,000
- Date: August 2023
- Lead Investors: Matrix Partners India (now Z47), Lightspeed India Partners
- Valuation at Round: $16.5 million (post-money)
- Motivation Behind the Round: Initial development and scaling of the fixed-income investment platform.
- Series A
- Amount Raised: $15,000,000
- Date: July 2024
- Lead Investors: RTP Global, Z47
- Valuation at Round: Approximately $48 million (Rs 440 crore)
- Motivation Behind the Round: Expansion of the fixed-return investment platform and financial advisory services.
- Series B
- Amount Raised: $20,000,000
- Date: June 2025
- Lead Investors: Fundamentum Partnership
- Valuation at Round: Approximately $119 million (Rs 1,092 crore)
- Motivation Behind the Round: Further scaling of the platform and enhancing financial product offerings.
- Pre-Series C
- Amount Raised: $25,000,000
- Date: February 2026
- Lead Investors: Peak XV Partners
- Valuation at Round: $175 million
- Motivation Behind the Round: Strengthening the core platform, expanding into complementary savings products, deepening bank and NBFC partnerships, and growing the team.
Total Amount Raised: $65,000,000 (at least $65M based on disclosed funding). Current Valuation: $175 million (as of February 2026).
Key Investors
- Peak XV Partners
- Details: Peak XV Partners (formerly Sequoia Capital India) is one of India's leading venture capital firms, backing early- to growth-stage technology companies across Southeast Asia and India.
- Investment Focus Areas: Technology, fintech, consumer internet, enterprise software.
- Notable Investments: CRED, Razorpay, Meesho.
- Fundamentum Partnership
- Details: Fundamentum is a growth-stage investment firm co-founded by Nandan Nilekani and Sanjeev Aggarwal. The firm focuses on scaling up mid-stage technology companies in India.
- Investment Focus Areas: Technology, consumer internet, enterprise software.
- Notable Investments: PharmEasy, Spinny, Ayu Health.
- RTP Global
- Details: RTP Global is a venture capital firm that invests in early-stage technology companies. It has a global presence with a focus on supporting innovative startups.
- Investment Focus Areas: Fintech, healthtech, consumer internet, enterprise software.
- Notable Investments: CRED, Practo, Rebel Foods.
- Z47
- Details: Z47 (formerly Matrix Partners India) is a venture capital firm that invests in early- to mid-stage technology companies. The firm is known for its strategic support and extensive network, and is the largest external shareholder in Stable Money with a 17.9% stake.
- Investment Focus Areas: Technology, fintech, consumer services.
- Notable Investments: Not publicly disclosed.
- Lightspeed India Partners
- Details: Lightspeed India Partners is a venture capital firm that focuses on early-stage investments in India. It is part of the global Lightspeed Venture Partners network, holding a 13.04% stake in Stable Money.
- Investment Focus Areas: Fintech, consumer services, enterprise technology.
- Notable Investments: OYO, Byju's, Udaan.
What's Next for Stable Money?
Stable Money stands at the cusp of significant growth opportunities, driven by its focus on developing a fixed-return investment platform and providing financial advisory services. With a recent valuation surge to $55 million, the company is well-positioned to capitalize on the increasing demand for wealthtech solutions. The platform's commitment to financial literacy further enhances its appeal, potentially attracting a broader user base.
Future fundraising prospects appear promising, given the successful completion of two funding rounds within a year. This momentum suggests that Stable Money could continue to attract substantial investments, enabling further expansion and innovation. However, the company must navigate the competitive landscape and the challenges of a volatile market, ensuring regulatory compliance and maintaining investor confidence.
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