Stable-Alpha Technologies Private Limited, dba Stable Money, has raised $25 million from a pre-Series C fundraise led by Peak XV Partners, with participation from Z47, RTP Global, and Fundamentum Partnership.

Shardul Amarchand Mangaldas & Co advised on the transaction, which included legal due diligence of Stable Money; drafting, reviewing, negotiating and finalising the share subscription agreement, shareholders’ agreement and other transaction documents.

The team advising lead investor Peak XV Partners was led by Manav Nagaraj (Partner), along with Hemant Krishna (Partner) and Hrushika Sana (Associate).

The SAM team advising the company was led by Manish Gupta (Partner) and Ashish Ahluwalia (Partner), along with Vivek Tiwari (Senior Associate) and Ayush Singh (Senior Associate).

The due diligence team comprised Hemant Krishna (Partner), Dhruv Khurana (Senior Associate), Associates Hrushika Sana and Samarth Srinivas.

Stable Money is an investment platform focused on providing safe, fixed-income products such as fixed deposits, recurring deposits, and bonds from various banks and financial institutions.

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