June 3rd, 2025 | Bangalore
We’re doubling down on Stable Money, India’s first digital fixed-return investment platform. Founders Saurabh Jain & Harish Reddy have raised $20 million in Series B funding. The round was led by Nandan Nilekani’s Fundamentum Partnership, with participation from existing backers including Z47, RTP Global, Lightspeed, and new investor Aditya Birla Ventures. Coming just 10 months after their Series A, the fundraise is a testament to the rapid traction and growing consumer trust the company has built.
Saurabh Jain and Harish Reddy, Co-founders of Stable Money, said, “Stable Money was founded on a simple belief: every Indian should have a safe, transparent way to grow their savings. With the support of Fundamentum, Aditya Birla Ventures and the continued trust of Z47, RTP Global and Lightspeed, we’re building on our momentum to create a category-defining platform. This funding is a strong vote of confidence in our mission to deliver predictable, inflation-beating returns to millions of households, and will help us further strengthen our user experience, expand our partner network, and reach savers across every corner of India.”
Vikram Vaidyanathan, Investor & MD at Z47 said:
“We are seeing a generational shift in how Indians approach wealth, with a cohort of investors prioritizing long-term compounding of savings over short term gains. Stable Money has built deep-trust on fixed income products and rapidly emerged as market leaders in a category of the future. We are proud partners to Saurabh, Harish and the Stable Money team from day zero and are excited to significantly up size our commitment here. We welcome Fundamentum to the partnership and wish the company godspeed on their journey ahead.”
Mayank Kachhwaha, Principal at Fundamentum said, “Stable Money is reimagining savings by building a highly trusted, digital-first fixed-income investment platform. They’ve blitzscaled from zero to over ₹3000 crore in AUM and have demonstrated 40 per cent growth over the last three months. The team has democratised access to fixed-income products and built incredible customer love along the way. They began with fixed deposits, and their story continues to grow with the launch of Stable Bonds. With Saurabh and Harish at the helm, Stable Money is well on its way to becoming a full-stack safety net for how India saves. At Fundamentum, we’re excited to be part of this scale-up journey.”
Aryaman Vikram Birla, Founder, Aditya Birla Ventures, said, “With accelerating economic growth, India is poised to witness a transformative era of wealth creation. Tech-enabled investment solutions for retail investors are set to experience substantial growth. Stable Money, with its robust wealth-tech platform, is well-positioned to serve the evolving financial aspirations of rising 'Middle India'. With strong belief in the capabilities of the founding team, this investment aligns with our vision to back outstanding founders building the businesses of tomorrow. Our endeavour is to open up ABG’s global ecosystem and network for the growth of our portfolio companies.”
Stable Money is on a mission to make safe, predictable returns accessible to every Indian saver. Since launch in 2022, they’ve onboarded 20 lakh users and grown assets under management to ₹3,000+ crore, offering investments in FDs, listed bonds, and more.
Stable Money’s differentiated approach to fixed-return investing includes:
- 3-minute FD booking, no savings account required
- Instant redemptions & trial FDs
- FD-backed lifetime-free credit card
- A fast-growing network of partner banks and NBFCs
The fresh capital will fuel:
- Product innovation across fixed-return offerings
- Deeper integration with banks & NBFCs (8+ new partners in 2025)
- Expansion into Tier-2 and Tier-3 towns to reach underserved savers
Congratulations to the team at Stable Money. The future of fixed-income investing in India is being built, and it's looking rock solid.
About Stable Money
Stable Money was founded to address the often-overlooked value of hard-earned money by providing reliable fixed-return investment options. The platform caters to individuals who prioritize financial stability and predictable income over higher-risk alternatives. Its user-friendly platform makes it easy to access and invest in fixed deposits and other fixed-return products, providing a streamlined and accessible investment experience.
For more information, please visit www.stablemoney.in.
About Z47
Z47 is a “founders-first” venture capital firm with an AUM of $3.5 billion, spanning over 100 investments since 2006. Our commitment is to founders who are determined to lead India to its destiny as a developed nation by 2047. Z47’s investment focus includes Fintech, Consumer, B2B Manufacturing, and Enterprise AI. We are proud partners to Five Star Business Finance, Ola, Ola Electric, OfBusiness, Razorpay, Dailyhunt as well as Jupiter, OneCard, Oxyzo, and Scapia.
Z47 has offices in Mumbai, Delhi and Bangalore. For more information, visit www.z47.com or write to newsroom@z47.com.
For more information, please contact: newsroom@z47.com
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