Stable Money Raise Rs 173 Cr In Series B Round

Wealthtech startup Stable Money has raised Rs 173 crore (around $20 million) in a funding round led by The Fundamentum Partnership Fund.

The round also saw participation from existing investors Matrix Partners, RTP Global and Lightspeed India.

Stable Money has raised ₹173 crore (about $20 million) by issuing 10 equity shares and 51,914 Series B preference shares at ₹33,345 each, according to filings with the Registrar of Companies.

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The funding round is led by Fundamentum Partnership Fund, which is investing Rs 86.5 crore ($10 million). Other existing investors are also participating: RTP Global with Rs 33.78 crore, Matrix Partners with Rs 45.42 crore, Lightspeed India with Rs 4.32 crore, and Naman Finance with Rs 3 crore.

Stable Money will use the funds for equipment, marketing and other business needs. The company’s value has increased 2.3 times since its last $15 million Series A round.

After this funding round, The Fundamentum Partnership Fund will own 7.94% of Stable Money. Matrix will hold 18.97%, RTP Global 13.45%, Lightspeed India 15.20% and Naman Finance 0.28%.

About Stable Money

Founded in 2022 by Saurabh Jain and Harish Reddy, Stable Money is a wealth tech company that makes fixed-income investing easier for everyday users. Its digital platform lets people compare, invest in, and manage fixed-income products—mainly bank fixed deposits (FDs)—from different banks.

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