Stable Money secures $25 million in fresh equity from Peak XV Partners and others

Bengaluru-based fixed income investment startup Stable Money has closed a $25 million funding round led by Peak XV Partners with participation from existing investors Fundamentum Partnership, Z47 (previously Matrix Partners India) and RTP Global.

Saurabh Jain, cofounder, Stable Money said this round saw $20 million coming from Peak XV Partners and the remaining from the other investors.

“After the close of the round the valuation of the firm stands at around $175 million, we were at $125 million last year when we had closed the last funding round,” Jain said.


Founded in 2022, Stable Money has raised $65 million since inception. In 2025 the startup last raised $20 million in a round led by Fundamentum Partnership and others.

Focusing on the fixed income investment space, Stable Money offers fixed deposits and corporate bonds. The company works with 13 banks to offer fixed deposits and operates as a licensed Online Bond Platform Provider to distribute listed corporate bonds.

Jain said his company has helped book around Rs 5,000 crore in fixed deposits and distributed around Rs 1,600 crore in corporate bonds. While Stable Money is the platform, the FDs are only booked with the bank, as per regulatory mandates.

“The funds will primarily be used to grow the business, our aim is to grow our customer base and scale by five times by the end of this year,” Jain said.

The company is currently sourcing around 30,000 customers every month and wants to scale it to 100,000 by 2026 end. The plan is to also take the volumes of investments on the platform to around Rs 15,000 crore by the year-end. The company is also evaluating venturing into real estate investments through Reits and building an offline network for sales and support.

“We are currently operational in Delhi, Pune and Kolkata, we will grow to seven cities next,” he added.

Stable Money focuses on fixed deposits investments through its app and the bet is that more Indians will start booking these investments through non-banking platforms as they offer a better user experience.

The company is increasingly facing competition from large consumer-facing fintechs who also allow such bookings through their platforms in partnership with banks.

But Jain believes that despite competition from large players, given Stable Money is solely focused on FDs, they are discovered easier by consumers.