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India’s wealth tech ecosystem has received a significant boost as Stable Money, a Bengaluru based digital platform specialising in fixed income investments, announced the successful closure of a $25 million Pre Series C funding round. The investment was led by Peak XV Partners, with continued backing from existing investors Z47, RTP Global, and Fundamentum Partnership. This latest infusion of capital brings Stable Money’s cumulative funding to approximately $65 million, reflecting sustained confidence from some of the most prominent venture capital firms operating in the Indian startup space.
Building a Trusted Platform for Retail Investors
Founded in 2022 by Saurabh Jain and Harish Reddy, Stable Money was conceived with a clear mandate: to simplify access to safe, fixed return investment instruments for everyday retail investors. The platform currently offers a curated suite of low risk financial products, including fixed deposits, debt mutual funds, and bonds instruments traditionally associated with capital preservation and steady, inflation beating returns. With over 50 lakh registered users and more than ₹5,000 crore in investments facilitated to date, Stable Money has established itself as a credible alternative to mainstream broking platforms such as Groww, Zerodha Coin, and Upstox.
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Strategic Deployment of Capital
The freshly raised capital will be deployed across three primary areas. The company intends to significantly expand its marketing operations to drive user acquisition and deepen brand recognition. Stable Money also plans to introduce new wealth tech products, broadening the range of investment options available to its growing user base. Additionally, the funds will be channelled into forging new institutional partnerships – the platform currently integrates 13 banks and NBFCs and aims to onboard seven more by year end. Geographically, currently operational in Delhi, Pune, and Kolkata, the company plans to expand to seven cities. Co-founder Saurabh Jain has affirmed the goal of growing the customer base fivefold by end of this year.
Investor Confidence and Market Outlook
Beyond institutional backers, Stable Money’s investor roster includes prominent angels such as Kunal Shah of CRED, Sriharsha Majety of Swiggy, and Rohit Bansal, co-founder of Snapdeal. As Indian retail investors increasingly seek alternatives to volatile equity markets, the demand for transparent and accessible fixed income platforms is poised to grow substantially. Stable Money’s disciplined execution and trust first philosophy position it well to capture a meaningful share of this expanding market and this latest funding round signals that its most ambitious chapter is only just beginning.
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