PE-VC Fund Investments

Fixed-return investments focused Stable Money raises $25-M led by Peak XV

Mint  

Bengaluru-based Stable Money , a platform allowing users to book fixed-income assets, has raised USD 25 million in a pre-Series C funding round, valuing the startup at USD 175 million.Peak XV Partners led the all-equity round with a USD 20 million investment. Existing backers Z47, RTP Global, and The Fundamentum Partnership, co-founded by Nandan Nilekani, also participated. The latest infusion brings the company’s total capital raised across four rounds to USD 65 million.Founded in 2022, Stable Money claims to have built a user base of over 4 million investors and facilitated more than INR 5,000 crore in investments. It currently operates offline touchpoints in Kolkata, Delhi, and Pune, and plans to widen this physical network alongside increased marketing expenditure. The firm will use the fresh capital to fund expansion into tier 2 and tier 3 cities.The company had raised USD 20 million in a Series B round at a USD 130 million valuation. That round saw participation from Z47, RTP Global, Lightspeed and Aditya Birla Ventures.For FY25, Stable Money's revenue from operations stood at INR 104 crore, while losses totalled INR 45 crore.

Between Dec 2022 and May 2025, Stable Money had attracted about USD 39 M from Lightspeed Ventures, RTP Global, Z47, Aditya Birla Ventures and Fundamentum.

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