Wealthtech startup Stable Money has recently completed a $25 million pre-Series C funding round, led by Peak XV Partners along with Z47, RTP Global, and Fundamentum Partnership. The round has increased the company’s valuation to $175 million, marking a significant 3.6X increase in less than two years, as analyzed by Entrackr. Following the investment allocation, the founders’ stake has decreased to approximately 30%.
This funding marks the second successful round for the Bengaluru-based firm in eight months. Previously, Stable Money secured a $20 million Series B funding led by Fundamentum. Entrackr’s exclusive reporting has provided details on the breakdown of this recent funding round and the company’s comprehensive cap table.
Stable Money’s board has approved the issuance of 54,491 pre-Series C CCPS at an issue price of Rs 42,103 per share, raising Rs 229.4 crore (about $25 million) as per the filing with the Registrar of Companies (RoC). Peak XV Partners emerged as the primary investor, contributing Rs 183.5 crore ($20 million), followed by Z47, RTP Global, and Fundamentum.
After this funding, Stable Money’s valuation has surged over 47% from the Series B round and over 3.6X from the Series A round in July 2024. Post this round, Z47 has become the largest external shareholder with a 17.9% stake. Lightspeed Venture Partners and RTP Global follow with 13.04% and 12.7%, respectively. Peak XV Partners will hold an 11.43% stake, while co-founders Saurabh Jain and Harish Reddy will retain 15.35% each.
Established in 2022, Stable Money offers a fixed-income investment platform enabling users to compare and invest in fixed deposits, bonds via Stable Bonds, and other low-risk instruments across multiple banks.
Source: Entrackr : Latest Posts