In this episode of That One Idea, we have Saurabh Jain, co-founder of Stable Money, with our host Anjali Sosale, Partner at WaterBridge Ventures!
Founded in Oct '22 Stable Money is one of India’s leading fixed-income companies through which retail Indians can invest in safe instruments that also give high returns.
Backed by marquee investors, Stable Money raised $15M in Series A in 2024. Today, it has over 1 million downloads on Google Play and offers fixed deposits and bonds to customers.
Born in a small town in Maharashtra, Saurabh always knew that he wanted to be an entrepreneur. But it was not until he went to IIT Bombay, that he could give wings to his ambitions.
After spending years working in Europe, dabbling with entrepreneurship in his early career, working in Swiggy’s leadership, functioning as the CEO of Navi Mutual Funds, he finally founded Stable Money - a platform that aims to make sure that no Indian loses their hard-earned money.
Key Moments in the episode:
(00:00) Highlights
(01:20) Welcome & Introduction of Saurabh Jain, co-founder of Stable Money, to S04E05 of TOI
(01:56) Saurabh's childhood in Aurangabad and early career
(05:00) Learning to think long-term at Stable Money, with Harish as co-founder
(07:24) Advice to founders starting up today
(08:56) About Stable Money - safe investments platform with high returns
(11:00) Fixed Income 101 - Debunking Fixed Deposit myths
(16:40) Building trust as the cornerstone of business
(21:30) Mining through 470K minutes of customer talk time
(23:03) Broad trends in macro
(28:15) Only 1% of 25 Cr FDs in India earn more than 8%
(32:05) Secret sauce for WealthTechs to succeed
(39:25) Fundraising advice
Relevant Links:
WaterBridge Ventures: https://www.waterbridge.vc/
Stable Money: https://stablemoney.in/
LinkedIn Profiles:
Saurabh Jain: https://www.linkedin.com/in/saurabhjain1099/
Anjali Sosale: https://www.linkedin.com/in/pinkamma/
WaterBridge Ventures: www.linkedin.com/company/waterbridgeventures
You can also listen to this podcast on
YouTube: https://youtu.be/M_5NnZkpMx8
Disclaimer: The information in this podcast (“Content”) is solely for educational and information purposes. The content does not reflect the views or opinions of WaterBridge Ventures and/or any of its members. The content is not intended to be legal or other expert advice or services and should not be used in place of consultation with appropriate professionals. The content shall not be reproduced, distributed, shared, or relied upon in any manner whatsoever, in whole or part, without prior written permission of WaterBridge Ventures. In no event shall WaterBridge Ventures and/or any of its members be liable for any liability, loss, injury or risk which is incurred or suffered as a direct or indirect result of the use of the contents.