<ul><li>Bengaluru-based fintech startup Stable Money is set to raise INR 173 Cr ($20 Mn) in a fresh funding round led by The Fundamentum Partnership Fund.</li><li>Stable Money has issued 10 equity shares and 51,914 Series B CCPS at an issue price of INR 33,345 each, totaling INR 173.1 Cr.</li><li>Fundamentum is investing INR 86.5 Cr ($10 Mn) in the funding round, with Lightspeed India, Matrix Partners, and RTP Global also participating.</li><li>Stable Money plans to use the funds for capital expenditure, marketing, and general corporate purposes, competing with Groww, Zerodha Coin, and others.</li></ul>

Stable Money To Raise INR 173 Cr In Fresh Funding Round

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