Stable Money Bags INR 173 Cr From Fundamentum, Others

Stable Money, a Bengaluru-based wealthtech platform focused on fixed-income investments, has successfully raised $20 million (INR 173 crore) in a Series B funding round. The investment was led by Nandan Nilekani's Fundamentum Partnership, with participation from Aditya Birla Ventures and existing investors Z47, RTP Global, and Lightspeed. The fresh capital will be utilized for product expansion, building out offline distribution channels, and scaling Stable Money's fixed-income partner network. The platform, founded in 2022, started with digital fixed deposits and has expanded to offer curated short-term corporate bonds, aiming to provide predictable, inflation-beating returns to millions of households, particularly in Tier-2 and Tier-3 cities.