Wealthtech startup Stable Money has raised Rs 136 crore ($14.3 million) in the first tranche of its Series C funding round from existing investors. The Fundamentum Partnership led the round, with participation from Peak XV Partners, RTP Global, and Z47. This marks Stable Money's second fundraise in 2025, following a $25 million round in February. The company's valuation has reportedly increased 56% to $264 million from $175 million in the previous round. Co-founded in 2022 by Saurabh Jain and Harish Reddy, Stable Money operates a wealthtech platform enabling users to compare and invest in fixed deposits, bonds, and other fixed-income products across multiple banks. In FY25, the company reported Rs 4.3 crore in operating revenue whilst losses widened 3.5 times to Rs 44.8 crore.

The round will be led by Nandan Nilekani-founded Fundamentum, with participation from Peak XV Partners, Z47 (previously Matrix Partners India), and RTP Global. Earlier in February this year, it had raised $25 million in a round led by Peak XV Partners. Post-fundraise, the Bengaluru-based fixed-income investment startup will be valued at $275 million.

Stable Money, a fintech startup founded in 2022 by Saurabh Jain and Harish Reddy, has raised $15 million, bringing its valuation to $275 million. The company has partnered with 13 banks and holds a licence for online bond sales. The startup reported revenue of ₹112 crore last year but posted a net loss of ₹45 crore. Having raised $65 million in total funding, Stable Money plans to expand its product offerings and increase its share of the investment market.