Indian wealthtech startup Stable Money has kicked off its Series C funding round, seeking to raise $143 million (around ₹1,240 crore) from its existing investors, according to sources familiar with the matter. The round comes just months after the Bengaluru-based company secured $25 million in a pre-Series C round led by Peak XV Partners, reflecting strong investor confidence in the startup’s rapid growth in India’s fixed-income investment market.
The latest fundraising is expected to be backed primarily by current investors, including Peak XV Partners, Z47, RTP Global, Fundamentum Partnership, and Lightspeed, although the final allocation may change as the round progresses. If completed, the funding would provide Stable Money with significant capital to expand its product portfolio, strengthen banking partnerships, and accelerate growth in India’s fast-growing digital savings ecosystem.
Stable Money Eyes $143 Million Series C
According to Entrackr, the company has begun discussions with existing shareholders to raise $143 million in its first full Series C financing.
The proposed funding is expected to:
- Be led primarily by existing investors.
- Strengthen Stable Money’s balance sheet.
- Support expansion into new savings and investment products.
- Accelerate customer acquisition and platform development.
Funding Snapshot
| Item | Details |
|---|---|
| Company | Stable Money |
| Funding Round | Series C |
| Target Raise | $143 million |
| Expected Investors | Existing shareholders |
| Sector | Wealthtech / Fixed-income investments |
Builds on Recent Pre-Series C Round
The planned raise follows Stable Money’s $25 million pre-Series C funding completed earlier this year.
That round:
- Was led by Peak XV Partners.
- Included participation from Z47, RTP Global, and Fundamentum Partnership.
- Valued the company at approximately $175 million.
- Increased total funding raised to $65 million at the time.
The fresh Series C round would represent a significant step up in fundraising size as the company looks to scale its operations.
Recent Funding Timeline
| Round | Amount |
|---|---|
| Series A | $15 million |
| Series B | $20 million |
| Pre-Series C | $25 million |
| Proposed Series C | $143 million |
Rapid Growth in Fixed-Income Investing
Founded in 2022 by Saurabh Jain and Harish Reddy, Stable Money focuses on digital fixed-income investment products, enabling customers to compare and invest in:
- Bank fixed deposits.
- Stable Bonds.
- Other low-risk savings products.
The platform aims to simplify access to fixed-income investments through a digital interface while partnering directly with banks and NBFCs.
According to the company:
- More than 40 lakh users have joined the platform.
- Customers have invested over ₹5,000 crore across its products.
Why Existing Investors Are Doubling Down
Existing-investor confidence has also shown up in other recent rounds, such as Kapture CX raising $10 million in a pre-Series B round led by Bajaj Finserv Ventures.
The planned Series C reflects continued confidence in India’s growing wealthtech sector.
Several factors are driving investor interest:
- Rising retail participation in digital investing.
- Growing demand for low-risk investment products.
- Expansion of fixed-income investing beyond traditional bank branches.
- Strong customer acquisition and platform growth.
The company is also expected to deepen partnerships with banks and financial institutions while expanding into complementary savings products.
Growth Drivers
| Driver | Impact |
|---|---|
| Digital savings adoption | Larger addressable market |
| Bank partnerships | More investment products |
| Fixed-income demand | Stable customer growth |
| Existing investor support | Easier access to growth capital |
Wealthtech Sector Continues to Attract Capital
The round adds to a busy funding season for Indian startups, alongside deals like robotics startup Genesis AI eyeing a $500 million funding round.
Stable Money’s fundraising comes amid sustained investor interest in India’s wealthtech ecosystem, where startups are increasingly targeting retail investors with digital-first platforms for savings, investments, and financial planning.
As consumers diversify beyond traditional savings accounts and seek higher-yield fixed-income products, wealthtech companies are expanding rapidly by offering easier access, better rate comparison, and simplified investment experiences.
Looking Ahead
Stable Money’s proposed $143 million Series C marks an important milestone in the company’s growth journey and signals strong conviction from its existing investors. Coming shortly after its $25 million pre-Series C round, the planned fundraising would provide substantial capital to expand its product portfolio, strengthen technology infrastructure, deepen banking partnerships, and accelerate customer acquisition.
Looking ahead, if the round is successfully completed, Stable Money will be well positioned to capitalize on India’s growing demand for digital fixed-income investment products. As more retail investors embrace online savings and wealth management platforms, the company will likely focus on broadening its offerings while competing with both traditional financial institutions and emerging wealthtech startups in one of India’s fastest-growing fintech segments.
Frequently Asked Questions
How much is Stable Money raising in its Series C round?
Stable Money is seeking to raise $143 million, around ₹1,240 crore, from its existing investors in its Series C funding round.
Has Stable Money raised funding before this round?
Yes, the Series C round comes just months after the Bengaluru-based company secured $25 million in a pre-Series C round led by Peak XV Partners.
What does Stable Money do?
Stable Money is an Indian wealthtech startup focused on India’s fixed-income investment market, and its rapid growth has attracted strong investor confidence.
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