# Exclusive: Stable Money kicks off Series C with $14.3 Mn from existing investors — retained record

> Retained news record from news:india-entrackr.

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source: [news](https://highsignal.app/data/news) (news:india-entrackr)  published 2026-08-04 08:18 ingested 2026-08-05 08:44

[original source ↗](https://entrackr.com/exclusive/exclusive-stable-money-kicks-off-series-c-with-143-mn-from-existing-investors-12226556)

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Wealthtech startup Stable Money has kicked off its Series C funding round, raising Rs 136 crore ($14.3 million) from existing investors. The round was led by The Fundamentum Partnership, with participation from Peak XV Partners, RTP Global, and Z47 (formerly Matrix Partners).
This is Stable Money's second fundraise this year. In February, the startup raised $25 million at a $175 million valuation in a round led by Peak XV Partners.
The board at Stable Money allotted 1,318 equity shares and 20,591 Series C preference shares at an issue price of Rs 62,167.9 each to raise Rs 136.2 crore or $14.3 million, according to its filing with the Registrar of Companies (RoC).
The Fundamentum Partnership led the tranche with an investment of Rs 73.76 crore ($7.8 million), followed by Peak XV Partners with Rs 22 crore. RTP Global and Z47 invested Rs 20.2 crore each.
As per Entrackr's estimates, Stable Money's valuation rose 56% to Rs 2,507 crore ($264 million) from Rs 1,607 crore ($175 million) in its previous $25 million pre-Series C funding round.
Queries sent to Stable Money did not elicit an immediate response. We will update the story once the company responds.
Co-founded in 2022 by Saurabh Jain and Harish Reddy, Stable Money is a wealthtech platform that enables users to compare and invest in fixed deposits, bonds through Stable Bonds, and other fixed-income products across multiple banks.
Following the allotment, Z47 (formerly Matrix Partners) remained the largest external shareholder with a 17.73% stake, followed by RTP Global at 12.82% and Peak XV Partners at 11.69%. The Fundamentum Partnership increased its stake to 9.9%, while the founders' collective holding diluted to 29.04%.
The company is yet to file its FY26 financials. In FY25, Stable Money reported Rs 4.3 crore in operating revenue and Rs 104 crore in gross revenue, while its losses widened 3.5X to Rs 44.8 crore.
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document fetched 2026-08-05 08:44