Stable Money raises INR 173 Cr: what’s next for India’s fixed-income startup?

Stable Money, a fixed-income investment startup founded in 2022 by Saurabh Jain and Harish Reddy, has successfully raised INR 173 crore ($20 million) in a Series B funding round led by Nandan Nilekani’s Fundamentum Partnership.

The funding round also included participation from Aditya Birla Ventures and existing investors such as Z47, RTP Global, and Lightspeed. This capital injection aims to help Stable Money expand its wealth product offerings, deepen its partner network, and accelerate distribution across India.

Stable Money focuses on providing fixed-return investment options across asset classes including fixed deposits, debt mutual funds, bonds, and other low-risk instruments. The startup’s platform caters to investors seeking stable and secure returns in a market often dominated by volatile equity products.

“The newly raised capital will be deployed to build our wealth product offerings while strengthening our partner network and accelerating distribution,” the company stated.

With the backing of prominent investors and a clear growth strategy, Stable Money is positioned to capitalize on the growing demand for fixed-income investment solutions in India’s expanding digital finance ecosystem.

This funding milestone marks a significant step for the startup, which aims to democratize access to low-risk investment products and provide Indian investors with diversified fixed-income options beyond traditional banking instruments.

As the fixed-income market in India evolves, Stable Money’s approach could offer a compelling alternative for risk-averse investors seeking predictable returns.

The company’s founders, Saurabh Jain and Harish Reddy, have built a platform that simplifies investing in fixed-return products, addressing a gap in the Indian fintech landscape.

With this fresh capital, Stable Money plans to accelerate its growth trajectory and deepen its impact on India’s wealth management sector.

Stable Money, an Indian fixed-income investment startup founded in 2022, has raised INR 173 crore ($20 million) in a Series B round led by Nandan Nilekani’s Fundamentum Partnership. The funds will expand wealth products, deepen partnerships, and accelerate distribution, with participation from Aditya Birla Ventures and existing investors.