INDIA – Stable Money, a Bangalore, India-based startup operating a wealthtech platform, raised $5m in seed funding.
The round was led by Matrix Partners India and Lightspeed, with participation from Titan Capital, Mar Shot Ventures, and angels Kunal Bahl and Rohit Bansal, Co-founders of Snapdeal, and Harsha Majety, CEO of Swiggy. The company intends to use the funds to expand operations and development efforts, as well as grow its business reach via new partnerships and collaborations. Led by Saurabh Jain, Stable Money aim to help individuals grow their wealth in a stable and secure way through fixed-income assets by using technology. The portfolio is constructed to minimise risk and maximise returns, with an emphasis on a diversified mix of traditional and alternative investments. 14/08/2023
