About Stable Money
Stable Money is a company based in Bengaluru (India) founded in 2022 by Mallu Harish Reddy and Saurabh Jain.. Stable Money has raised $45.52 million across 6 funding rounds from investors including Dezerv, Angel List and Wellfound. Stable Money operates in a competitive market with competitors including Wint Wealth, Jiraaf, GoldenPi, InCred Money and Dexif, among others.
- Headquarter Bengaluru, India
- Founders Mallu Harish Reddy, Saurabh Jain
- Stage Minicorn
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Sectors
Technology
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Email
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Phone
*********
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Website
*********
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$45.52 M (USD)
in 6 rounds
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Latest Funding Round
$20.22 M (USD), Series B
May 24, 2025
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Investors
Dezerv
& 20 more
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Employee Count
Employee Count
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Funding Insights of Stable Money
Stable Money has successfully raised a total of $45.52M across 6 strategic funding rounds. The most recent funding activity was a Series B round of $20.22 million completed in May 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 6
- Last Round Series B — $20.2M
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First Round
First Round
(19 Dec 2022)
- Investors Count 21
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2025 | Amount | Series B - Stable Money | Valuation | Fundamentum | |
| Jul, 2024 | Amount | Series A - Stable Money | Valuation | RTP Global | |
| Aug, 2023 | Amount | Series A - Stable Money | Valuation | Z47 , Lightspeed India |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Stable Money
Stable Money has secured backing from 21 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Dezerv, Angel List and Wellfound. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital firm focused on early-stage technology companies
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Founded Year | Domain | Location | |
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Venture capital investing in innovative startups across technology sectors.
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Founded Year | Domain | Location | |
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Venture capital investing in innovative companies across global sectors is undertaken by Lightspeed Venture Partners.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Stable Money
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Stable Money
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Stable Money Comparisons
Competitors of Stable Money
Stable Money operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Wint Wealth, Jiraaf, GoldenPi, InCred Money and Dexif, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
An online platform for bond investments is offered.
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| domain | founded_year | HQ Location |
Online platform for alternative investment
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| domain | founded_year | HQ Location |
Fixed-income assets like bonds and debentures are traded online.
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| domain | founded_year | HQ Location |
Provider of a platform for investing in unlisted shares, fixed deposits, and bonds
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| domain | founded_year | HQ Location |
Fixed income products and credit solutions are provided for India.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Stable Money
Frequently Asked Questions about Stable Money
When was Stable Money founded?
Stable Money was founded in 2022.
Where is Stable Money located?
Stable Money is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Who is the current CEO of Stable Money?
Mallu Harish Reddy is the current CEO of Stable Money. They have also founded this company.
Is Stable Money a funded company?
Stable Money is a funded company, having raised a total of $45.52M across 6 funding rounds to date. The company's 1st funding round was a Series A of $5M, raised on Dec 19, 2022.
What does Stable Money do?
Founded in 2022 and based in Bengaluru, India, Stable Money operates as an online platform in the fintech sector focused on fixed deposit investments. Fixed deposits from various banks and non-banking financial companies are aggregated, enabling users to compare interest rates and terms. Deposits can be opened and managed directly through the platform without requiring separate bank accounts. Additional financial products, including bonds, are also provided to support investment activities.
Who are the top competitors of Stable Money?
Stable Money's top competitors include InCred Money, Jiraaf and Wint Wealth.
Who are Stable Money's investors?
Stable Money has 21 investors. Key investors include Dezerv, Angel List, Wellfound, Lightspeed Venture Partners, and Matrix Partners India.
What is Stable Money's valuation?
The valuation of Stable Money is $127.74M as of May 2025.