In a significant boost to India’s growing wealthtech ecosystem, Bengaluru-based startup Stable Money has secured $25 Mn, approximately ₹226.8 Cr, in a Pre-Series C funding round. The investment was led by Peak XV Partners, with participation from existing backers Z47, RTP Global, Lightspeed and Fundamentum Partnership.
Cofounder Saurabh Jain said the fresh capital will be used to strengthen marketing efforts and expand the platform’s product offerings. The startup also plans to allocate part of the funds toward building partnerships by onboarding more bond suppliers and banks. “Right now, we have 13 banks and NBFCs on the platform and we are adding 7 more banks and NBFCs by the end of this year,” Jain said, highlighting the company’s focus on expanding distribution and institutional ties.
Founded in 2022 by Saurabh Jain and Harish Reddy, Stable Money enables retail investors to access fixed-return investment products. Its offerings include fixed deposits, debt mutual funds and bonds, along with other low-risk asset classes aimed at delivering inflation-beating returns. The platform positions itself as a digital marketplace for stable and predictable investment options, catering to individuals seeking relatively safer alternatives within the broader financial market.
Operating in a competitive wealthtech landscape, Stable Money competes with platforms such as Groww, Zerodha Coin and Upstox. With the latest funding, the startup aims to scale operations, deepen partnerships with financial institutions and strengthen its presence in India’s expanding digital investment ecosystem.
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