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Wealthtech startup Stable Money, which provides digital fixed-return investment products, has raised $20 million (Rs 173 crore) in a funding round led by Infosys cofounder Nandan Nilekani’s Fundamentum Partnership.
Existing backers Z47, RTP Global and Lightspeed, along with Aditya Birla Ventures, also participated in the round.
The Bengaluru-based company will use the fresh capital to expand its suite of wealth products and accelerate customer acquisition by strengthening its distribution, cofounder Saurabh Jain told ET.
“In the last four or five…
