Stable Money raises $25 Mn led by Peak XV at $175 Mn valuation

Wealthtech startup Stable Money has raised $25 million at a valuation of $175 million in a pre Series C funding round led by Peak XV Partners, with participation from Z47 (formerly Matrix Partners), RTP Global, and Fundamentum Partnership.

The Bengaluru-based startup had previously mopped up $40 million from Fundamentum Partnership Fund, Matrix Partners, RTP Global, Lightspeed India, and others.

The proceeds will be used to strengthen its core platform, expand access to complementary savings products, and scale its team across key functions, Stable Money said in a press release.

Co-founded in 2022 by Saurabh Jain and Harish Reddy, Stable Money is a fixed income investment platform that enables individuals to earn stable and secure returns through fixed deposits, bonds via Stable Bonds, and other low risk instruments. It provides a digital platform where users can compare, invest in, and manage fixed income products, particularly bank fixed deposits offered by multiple banks.

“What has been most encouraging over the last few years is seeing millions of families choose to manage their savings digitally, without compromise. We are deeply grateful to our investors for their continued belief in our journey. This raise reflects long term conviction in our mission to build a trusted, modern platform for how India saves,” said Saurabh Jain and Harish Reddy, co-founders of Stable Money.

The company plans to deepen direct partnerships with banks and NBFCs, both established and emerging, to widen customer choice, enable smarter rate discovery, and drive innovation. It is also strengthening its on ground presence in key cities across India to build deeper, face to face relationships with customers.

Stable Money claims that over 40 lakh users have chosen its platform to invest more than Rs 5,000 crore across fixed deposits, Stable Bonds, and other secure instruments.

For the fiscal year ending March 2025, Stable Money reported operating revenue of Rs 104 crore, compared to just Rs 1.3 crore in FY24, while its losses increased to Rs 44.8 crore from Rs 12.8 crore during the same period.

As per data compiled by Entrackr, Indian wealthtech startups raised over $634 million across 51 deals involving 39 startups during 2024 and 2025. In the current calendar year, AssetPlus raised $19.3 million, Wint Wealth secured $28 million, and Otto Money garnered $1.3 million.