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Stable Money secures $25 million in fresh equity from Peak XV Partners and others - The Economic Times

Economic Times

Economic Times · 1d ago

Stable Money secures $25 million in fresh equity from Peak XV Partners and others - The Economic Times

Bengaluru-based startup Stable Money raised $25 million in a funding round led by Peak XV Partners, aiming for a valuation increase to around $175 million. Co-founders Saurabh Jain and Harish Reddy plan to expand their fixed income investment platform by five times by year-end, including geographical growth to new cities and exploring real estate investments. The company, working with 13 banks, has facilitated significant fixed deposit bookings and corporate bond distributions since its 2022 inception.

Related News

Stable Money raises $25 Mn led by Peak XV at $175 Mn valuation

Entrackr

Entrackr · 1d ago

Stable Money raises $25 Mn led by Peak XV at $175 Mn valuation

Stable Money raises $25 Mn led by Peak XV at $175 Mn valuation Wealthtech startup Stable Money has raised $25 million at a valuation of $175 million in a pre-Series C funding round led by Peak XV Partners, with participation from Z47 (formerly Matrix Partners), RTP Global, and Fundamentum Partnership. The Bengaluru-based startup had previously mopped up $40 million from Fundamentum Partnership Fund, Matrix Partners, RTP Global, Lightspeed India, and others. The proceeds will be used to strengthen its core platform, expand access to complementary savings products, and scale its team across key functions. Stable Money, co-founded in 2022 by Saurabh Jain and Harish Reddy, is a fixed income investment platform that enables individuals to earn stable and secure returns through fixed deposits, bonds via Stable Bonds, and other low-risk instruments. It provides a digital platform where users can compare, invest in, and manage fixed income products. The company plans to deepen direct partnerships with banks and NBFCs, both established and emerging, to widen customer choice, enable smarter rate discovery, and drive innovation. It is also strengthening its on-ground presence in key cities across India to build deeper, face-to-face relationships with customers. Stable Money claims that over 40 lakh users have chosen its platform to invest more than Rs 5,000 crore across fixed deposits, Stable Bonds, and other secure instruments. For the fiscal year ending March 2025, Stable Money reported operating revenue of Rs 104 crore, compared to just Rs 1.3 crore in FY24, while its losses increased to Rs 44.8 crore from Rs 12.8 crore during the same period. As per data compiled by Entrackr, Indian wealthtech startups raised over $634 million across 51 deals involving 39 startups during 2024 and 2025.

Wealthtech startup PowerUp Money secures $12 million funding from Peak XV Partners, others - The Economic Times

Economic Times

Economic Times · 1m ago

Wealthtech startup PowerUp Money secures $12 million funding from Peak XV Partners, others - The Economic Times

Wealthtech startup PowerUp Money, based in Bengaluru, raised $12 million in a funding round led by Peak XV Partners. Existing investors Accel, Blume Ventures, and Kae Capital also participated. Founded in 2024 by Prateek Jindal, PowerUp Money provides mutual fund advisory services. The startup, which previously raised $7 million, targets retail investors and has ambitious growth plans, aiming to expand its user base and enhance its research and advisory capabilities with the new funds.

Peak XV, Madison India PE join other co-investors to monetise India tech bet

VCCircle

VCCircle · 2y ago

Peak XV, Madison India PE join other co-investors to monetise India tech bet

Venture capital firm Peak XV Partners and private equity firm Madison India Capital have teamed up with other co-investors to monetize their investment in an Indian tech company. The firms, along with Elevation Capital and others, are planning to sell their stake in a new-age portfolio company. Peak XV Partners was formerly known as Sequoia Capital India and Southeast Asia.

Lenskart, Wakefit get Sebi clearance for public issues - The Economic Times

Economic Times

Economic Times · 4m ago

Lenskart, Wakefit get Sebi clearance for public issues - The Economic Times

Lenskart and Wakefit have received approval from India's market regulator, SEBI, for their initial public offerings (IPOs). Lenskart aims to raise Rs 2,150 crore in fresh capital, planning for a listing in mid-November, with its IPO estimated at Rs 7,000-8,000 crore. Wakefit seeks Rs 468 crore through its fresh issue portion, with an offer-for-sale component, where significant shareholders like Peak XV Partners and Verlinvest will sell shares. Both companies are on track for public issue launches.

Darwinbox secures $40 million funding from Canada's OTPP - The Economic Times

Economic Times

Economic Times · 6m ago

Darwinbox secures $40 million funding from Canada's OTPP - The Economic Times

Darwinbox, a Hyderabad-based HR software firm, raised $40 million from Teachers’ Venture Growth, a branch of Ontario Teachers’ Pension Plan. This follows a $140 million funding round earlier in the year, valuing the company at $1 billion. The investment allowed early investors like Peak XV Partners significant returns. Darwinbox, serving over 1,000 enterprises, reported a 58% revenue increase and aims to expand further into the US market, targeting significant revenue growth.

Stable Money secures online bond platform licence from Sebi

Economic Times

Economic Times · 2y ago

Stable Money secures online bond platform licence from Sebi

Bengaluru-based startup Stable Money has obtained a license from the Securities and Exchange Board of India (Sebi) to operate an online platform for selling company bonds. The Matrix Partners-backed company, previously focused on fixed deposits, aims to diversify investment options by introducing corporate bonds to its portfolio. The license enables Stable Money to offer a broader range of investment opportunities and allows retail investors access to the bond market. The startup had raised $5 million in its first equity funding round in August 2021.

ET Startup Awards 2025 | We must look beyond big-ticket listings to small caps going public: Peak XV's Ashish Agarwal - The Economic Times

Economic Times

Economic Times · 3m ago

ET Startup Awards 2025 | We must look beyond big-ticket listings to small caps going public: Peak XV's Ashish Agarwal - The Economic Times

Ashish Agrawal, managing director at Peak XV Partners, emphasized the importance of recognizing both large and small-cap IPOs, citing them as vital for India's capital market diversity. Under his leadership, the firm supported Groww's notable growth in the fintech sector, with Agrawal winning the Midas Touch award at the ET Startup Awards 2025. He advocates for a stable regulatory environment to support the public listings of new-age financial service firms.

TPG, Matrix Partners, Peak XV strike $200-mn India exit

VCCircle

VCCircle · 2y ago

TPG, Matrix Partners, Peak XV strike $200-mn India exit

TPG, along with Matrix Partners and Peak XV, has completed a $200 million exit from their investments in India. The private equity group TPG has been active in the Indian market, making multiple investments and now finalizing its fourth exit. This latest exit is in collaboration with alternative investment firms Matrix Partners and Peak XV.

Sequoia’s Asia spinoffs bet on AI startup fighting online fakes - The Economic Times

Economic Times

Economic Times · 5m ago

Sequoia’s Asia spinoffs bet on AI startup fighting online fakes - The Economic Times

Marq Vision Inc., a Los Angeles-based startup, raised $48 million in its Series B round led by Peak XV Partners and HSG, with contributions from Salesforce Ventures and others. The company develops AI tools to combat counterfeiting in online sales of luxury goods and AI chips, identifying around 50 million IP violations last year and achieving a 99% removal rate. Marq Vision is expanding into Tokyo to address growing counterfeits in the anime industry.

SalarySe secures $11.3 million in round led by Flourish Ventures, SIG Ventures - The Economic Times

Economic Times

Economic Times · 3m ago

SalarySe secures $11.3 million in round led by Flourish Ventures, SIG Ventures - The Economic Times

Gurugram-based SalarySe, a fintech startup providing advance salaries and credit cards to white-collar employees, has raised $11.3 million in a funding round led by Flourish Ventures and SIG Venture Capital. Existing investors Peak XV Partners and Pravega Ventures also participated. The funds will enhance tech infrastructure, expand the enterprise customer base, and develop AI tools. SalarySe aims to grow its client base significantly and leverage credit on UPI rails in partnership with banks like HDFC and RBL.

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