Fundamentum doubles down as Stable Money kicks off Series C fundraising
The funding round also saw participation from other existing investors Peak XV Partners, RTP Global, and Z47.
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The funding round also saw participation from other existing investors Peak XV Partners, RTP Global, and Z47.
We have a news development to report on from the payments ecosystem. And, we write how users aged 18-24 now account for nearly half of all ChatGPT messages in India.
Existing investors Peak XV Partners and Z47 participated in the funding round.
The round also saw participation from existing investors Lightspeed and Z47.
The funding round saw participation from Z47 (formerly Matrix Partners), RTP Global, and Fundamentum Partnership.
The MEMG family office, led by Ranjan Pai, has also invested in the company.
Other existing investors Elevation Capital and Z47 also participated in the funding round.
Z47 and angel investors participated in the funding round.
The funding round saw participation from 8i Ventures, along with angel investors including Meesho founders Vidit Aatrey and Sanjeev Barnwal.
The Bengaluru-based startup, operated by STK Credit Pvt Ltd, will use the fresh capital for geographical expansion in the country.
Stable Money is raising Rs 173 crore (around $20 million) in a round led by Fundamentum Partnership Fund, with participation from Z47, Lightspeed India...
The company has already secured $8.5 million (Rs 71.4 crore) with the rest to come in one or more tranches.
Z47 (previously known as Matrix India Partners), an early investor in the Gurugram-based fintech and commerce startup, is also looking to sell its stake.