Shardul Amarchand Mangaldas & Co (SAM), and NovoJuris Legal advised Stable-Alpha Technologies on USD 25 Million Pre-Series C Investment.
Stable-Alpha Technologies Private Limited, operating as Stable Money, raised approximately USD 25 million in its Pre-Series C fundraise, led by Peak XV Partners Growth Investments IV, with participation from Matrix Partners India, The Fundamentum Partnership Fund II, and RTP Global Partners III, L.P.
Stable Money offers fixed-return asset investment opportunities for retail investors, such as access to fixed deposits, debt mutual funds, and bonds, along with other low-risk asset classes delivering inflation-beating results to enhance their financial prospects.
SAM acted as legal counsel to Peak XV Partners Growth Investments IV and Stable-Alpha Technologies on the investment and fundraise.
The team advising the Investor included Partners Manav Nagaraj, and Hemant Krishna, and Associate Hrushika Sana. The team advising the Company comprised Partners Manish Gupta, and Ashish Ahluwalia, Senior Associates Vivek Shekhar Tiwari, and Ayush Singh. The due diligence team comprised Partner Hemant Krishna, Senior Associate Dhruv Khurana, Associates Hrushika Sana, and Samarth Srinivas.
NovoJuris Legal advised Stable Money on regulatory and exchange control aspects of the Pre-Series C fundraise.
The team was led by Deputy Managing Partner Ashwin Bhat and Senior Associate Gopi Krishna.
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