[Update] Stable Money Bags INR 173 Cr From Fundamentum

Stable Money has completed securing its INR 173 Cr investment in a Series B funding round led by Nandan Nilekani’s Fundamentum Partnership

The funding round also saw participation from Aditya Birla Ventures and its existing investors Z47, RTP Global, and Lightspeed

The fresh funds will be used in building its wealth product offerings, while also deepening its partner network, and accelerating distribution

Update | June 3, 11:30 AM

Days after it was reported that Stable Money is set to raise INR 173 Cr ($20 Mn), the…