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Total amount raised
$79.3 Million
Latest funding date
2026-08-04
Location
Stable Money has raised funds through five distinct funding rounds, attracting investments from prominent venture capital firms such as Z47 (formerly Matrix Partners India), RTP Global, The Fundamentum Partnership, and Peak XV Partners. Its most recent round is a Series C tranche of $14.3 million (Rs 136 crore) closed in August 2026 and led by The Fundamentum Partnership. 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 investors 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 18, 2026
- Lead Investors: Peak XV Partners, with participation from Z47, RTP Global, and The Fundamentum Partnership
- 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.
- Series C
- Amount Raised: $14,300,000 (Rs 136 crore)
- Date: August 4, 2026
- Lead Investors: The Fundamentum Partnership, with participation from Peak XV Partners, RTP Global, and Z47
- Valuation at Round: Approximately $264 million (Rs 2,507 crore)
- Motivation Behind the Round: First tranche of the Series C round, raised from existing investors to continue scaling the fixed-return investment platform.
Total Amount Raised: $79,300,000 (at least $79.3M based on disclosed funding). As of September 2026, the company's latest disclosed round is its August 2026 Series C. Current Valuation: Approximately $264 million (as of August 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, and led both Stable Money's June 2025 Series B and its August 2026 Series C tranche.
- 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 closed the first tranche of its Series C in August 2026, raising $14.3 million (Rs 136 crore) from existing investors The Fundamentum Partnership, Peak XV Partners, RTP Global, and Z47 at a valuation of about $264 million (Rs 2,507 crore). That followed a $25 million round led by Peak XV Partners in February 2026 at a $175 million valuation, taking disclosed primary funding to $79.3 million.
The company has said it will use the recent capital to strengthen its core platform, expand into complementary savings products, deepen partnerships with banks and NBFCs, and grow its team. Stable Money serves more than 50 lakh investors across India, with deposits insured by DICGC, a subsidiary of RBI.
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