Stable Money, a Bengaluru-based fixed-income investment platform, has successfully raised $25 million in a pre-Series C funding round, valuing the company at $175 million. According to reports from The Hindu BusinessLine, Peak XV Partners led the all-equity round with a $20 million investment, while existing backers Z47, RTP Global, and the Fundamentum Partnership also participated. This latest funding brings the company's total capital raised across four rounds to $65 million. As per The Hindu BusinessLine, the company plans to use the funds to strengthen its platform, expand savings products, and hire across product, partnerships and technology functions.
The company highlighted significant market opportunity, noting that fixed deposits remain a large savings category in India, with over 230 million people relying on them. According to The Hindu BusinessLine, the segment is growing at nearly 12% annually. Stable Money's platform offers unique features including the ability for users to book fixed deposits without opening a savings account and access instant withdrawals. The platform also provides short-term fixed deposits, secured credit cards, and other products, positioning itself as a comprehensive fixed-income solution for Indian households.
The capital will be primarily directed toward expansion into India's tier 2 and tier 3 cities, where the company sees significant demand from customers preferring assisted distribution for financial products. As reported by The Hindu BusinessLine, Stable Money currently operates offline touchpoints in Kolkata, Delhi, and Pune, and plans to widen this physical network alongside increased marketing expenditure. Co-founder Saurabh Jain stated that the funds will specifically target growth in these markets through stronger offline presence and marketing initiatives. The company also plans to expand partnerships with banks and non-banking financial companies to widen customer choice and improve rate discovery.
Founded in 2022, Stable Money has built a substantial user base of over 50 lakh investors and facilitated more than ₹5,000 crore in investments. According to The Hindu BusinessLine, for FY25, the company's revenue from operations stood at ₹104 crore, while losses totalled ₹45 crore, with EBITDA loss also at ₹45 crore. The company maintains a strict focus on fixed-income products, aggregating fixed-return assets such as bank deposits and debt instruments. Co-founders Jain and Harish Reddy held a 36.7% stake in the company at the end of the previous funding round.
The company is actively evaluating real estate investment trusts (REITs) as a potential addition to its platform offerings, as reported by Mint. Co-founder Jain emphasized that the company has no immediate plans to diversify into equity-linked products, maintaining its core proposition of stability. The startup plans to utilize the fresh capital for hiring personnel across technology and business functions, with management indicating growth will remain organic and ruling out acquisitions for the near term. According to The Hindu BusinessLine, Peak XV Partners' Chinmaya Golecha noted the company's rapid scale, deep bank partnerships and disciplined execution stand out in a market where credibility matters most.
Stable Money operates in the growing fintech segment focused on fixed-income and bond products, alongside peers such as Wint Wealth, Jiraaf, and InCred Money. According to The Hindu BusinessLine, the company's co-founders Jain and Harish Reddy held a 36.7% stake in the company at the end of the previous funding round. Jain indicated that an IPO remains the ultimate goal, envisioned for three to five years down the line. The company's mission statement emphasizes building transparent, accessible, and trustworthy fixed-income products for Indian households.
