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Wealth-tech firms Stable Money, Grip Invest, Bachatt in talks to raise fresh capital

Economic Times  

Wealthtech companies Stable Money, Grip Invest, and Bachatt, are in talks to raise fresh capital.Bengaluru-based Stable Money is in talks to raise USD 75-M, consisting of USD 50-M in primary capital and USD 25-M in secondary transactions. This round is being led by Fundamentum Partnership, with participation from Peak XV Partners, Z47, and others. The primary infusion is reportedly being discussed at a valuation of USD 300-M, while the secondary portion could value the company between USD 250-M and USD 270-M. Earlier this year, the company raised approximately USD 14.3-M from existing investors at a USD 264-M valuation, following a USD 25-M round in February at a USD 175-M valuation.Gurugram-based Grip Invest has appointed Investec to raise approximately USD 20-M. The company focuses on the distribution of corporate bonds, securitised debt instruments, and alternative investments.Gurugram-based Bachatt is in talks to raise between USD 25-M and USD 30-M in a round led by Northpoint Capital and Prosus at a valuation of USD 140-M to USD 150-M. This savings platform, which serves merchants and self-employed users, previously raised USD 12-M led by Accel in March.

Between Dec 2022 and Aug 2026, Stable Money had attracted about $79-M from Aditya Birla Ventures, Fundamentum, Lightspeed Ventures, RTP Global, Z47 and Others.For FY25, Stable Money had reported about INR 4 Cr in Operating Income and about INR 40 Cr in Net Loss.Between Sep 2021 and Jul 2024, Grip Invest had attracted about $14-M from AdvantEdge Partners, Anicut Capital, LC Nueva, Multiply Ventures, SiriusOne Capital, Stride Ventures, VH Capital, Others.For FY25, Grip Invest had reported about INR 8 Cr in Operating Income and about INR 30 Cr in Net Loss.Between Mar 2025 and Mar 2026, Bachatt had attracted about $16-M from Accel India, Info Edge, Lightspeed Ventures, Others.