Wealthtech Startup Stable Money Sees Founders’ Stake Reduced After New Funding Round
Stable Money, a Bengaluru-based wealthtech startup, recently concluded a $25 million pre-Series C funding round led by Peak XV Partners. The round, which also saw participation from Z47 (formerly Matrix Partners India), RTP Global, and Fundamentum Partnership, has valued the company at $175 million. This marks a significant 3.6X increase in valuation over less than two years. However, the founders’ stake has decreased to approximately 30% following the new investment.
The Company and Its Product
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Co-founded in 2022 by Saurabh Jain and Harish Reddy, Stable Money offers a fixed-income investment platform. It enables users to compare and invest in fixed deposits, bonds via Stable Bonds, and other low-risk instruments across multiple banks. Despite its innovative approach to wealth management, the company’s financials reveal challenges. For the fiscal year ending March 2025, Stable Money reported an operating revenue of Rs 4.3 crore and a gross revenue of Rs 104 crore. However, losses surged 3.5X to Rs 44.8 crore during the same period.
Context and Funding Environment
This is Stable Money’s second fundraising event in eight months, following a $20 million Series B round led by Fundamentum in May last year. The current funding environment for wealthtech startups in India is dynamic, with $634 million raised across 51 deals involving 39 startups during 2024 and 2025, according to Entrackr. Other notable fundraises in the sector include AssetPlus securing $19.3 million and Wint Wealth obtaining $28 million. The competitive landscape is intensifying, with new players like Otto Money also entering the fray.
Implications for India’s Startup Ecosystem
The reduction in founders’ equity highlights a common trend among Indian startups, where rapid scaling often requires ceding significant ownership to attract large investments. This development underscores the aggressive funding landscape in India’s wealthtech sector, driven by a growing appetite for digital financial solutions. As startups vie for market dominance, the influx of capital is likely to spur further innovation and competition, potentially reshaping the financial services industry in India.
Looking Ahead
With fresh capital and a robust valuation, Stable Money is well-positioned to expand its offerings and enhance its platform. However, the company must address its widening losses to ensure sustainable growth. As the wealthtech sector continues to evolve, Stable Money’s trajectory will be closely watched by investors and competitors alike. The coming months will be crucial in determining whether the company can leverage its new resources to solidify its market position.
