Stable Money has secured $25 million in a pre-Series C funding round, resulting in the founders’ combined shareholding declining to approximately 30%. The round was led by Peak XV Partners, with participation from Z47, RTP Global, and Fundamentum Partnership.
Funding Details and Valuation Growth
The transaction values the company at $175 million, reflecting a 3.6x increase in valuation within two years. Stable Money raised approximately ₹229.4 crore through the issuance of 54,491 compulsorily convertible preference shares (CCPS) at ₹42,103 per share.
Investment contributions include:
- Peak XV Partners: ₹183.5 crore
- Z47: ₹21.65 crore
- RTP Global: ₹15.32 crore
- Fundamentum Partnership: ₹8.9 crore
Shareholding Realignment
Post-allotment, the cap table has undergone a notable shift:
- Z47 becomes the largest external shareholder with a 17.9% stake
- Lightspeed Venture Partners holds 13.04%
- RTP Global holds 12.7%
- Peak XV Partners acquires 11.43%
Co-founders Saurabh Jain and Harish Reddy retain 15.35% each, bringing their combined holding to roughly 30%.
Business Model and Financials
Founded in 2022, Stable Money operates as a fixed-income investment platform, enabling users to invest in instruments such as fixed deposits and bonds.
For the financial year ending March 2025:
- Operating revenue stood at ₹4.3 crore
- Gross revenue reached ₹104 crore
- Net losses widened 3.5x to ₹44.8 crore
The financials indicate an aggressive growth phase, with increased investments in scaling operations.
Wealthtech Funding Momentum
The broader wealthtech ecosystem in India continues to attract investor interest. Between 2024 and 2025, the sector raised over $634 million across 51 deals, with notable fundraises by AssetPlus and Wint Wealth, among others.
Summary
Stable Money has raised $25 million in a pre-Series C round, boosting its valuation to $175 million while diluting founders’ stake to 30%. The funding reflects strong investor confidence in the wealthtech space, despite rising losses as the company continues to scale its fixed-income investment platform.
Disclaimer:
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