Stable Money raises $25 mn in Pre-series C funding round

BENGALURU-BASED FIXED-INCOME INVESTMENT platform Stable Money has raised $25 million in a pre-Series C funding round led by Peak XV Partners, with participation from existing investors Z47, RTP Global and Fundamentum Partnership.

- AYANTI BERA

The funds will be used as growth capital, and for deepening bank partnerships and expand offline presence.

The round values the three-year-old startup at a post-money valuation of $175 million, up from $125 million in its previous Series B round, according to co-founder Saurabh Jain. The company had closed its Series B barely two months before securing the latest term sheet, prompting it to label the round as a pre-Series C.