Stable Money opens Series C at $14.3M, valuation climbs to $264M
What's the deal? Indian wealthtech startup Stable Money has raised $14.3 million (US$18.5M) to kick off its Series C round, backed entirely by existing investors. The Fundamentum PartnershipDealroom has a profile for this one. Try Dealroom → led with $7.8 million, joined by Peak XV Partners, RTP Global, and Z47.
Why now? This is Stable Money's second raise this year. In February 2026, it collected $25 million at a $175 million valuation in a round led by Peak XV Partners.
What's the endgame? Co-founded in 2022 by Saurabh Jain and Harish Reddy, Stable Money lets users compare and invest in fixed deposits, bonds, and other fixed-income products across multiple banks.
By the numbers: The round pushes Stable Money's valuation up 56% to $264 million. Z47 remains the largest external shareholder at 17.73%, followed by RTP Global at 12.82% and Peak XV at 11.69%. The founders' collective stake diluted to 29.04%.
The financials: Stable Money has yet to file its FY26 numbers. In FY25, it reported US$584K in operating revenue and US$14.1M in gross revenue, while losses widened 3.5 times to US$6.08M.
The signal: A round backed solely by existing investors — Peak XV, RTP Global, Z47, and Fundamentum — at a rising valuation signals continued conviction from established names in India's fixed-income wealthtech space, even as the company's losses climb.
Read more: Entrackr
Image credit: Generated with Gemini
