Indian Startup Funding — Startups Raised $559 Mn This Week

SUMMARY

Indian startups raised $559.2 Mn across 19 deals between June 9 and 14, a 316% jump from the $134.4 Mn raised by 16 startups in the preceding week

On the back of Groww's mega funding round and other big ticket deals like CRED's $72 Mn fundraise, fintech dominated the funding trends at a sectoral level

The week saw a lot of activity from investors across the board, with firms like Fundamentum, Stride Ventures and Accel, Stellaris, backing multiple startups

Weeks after navigating a volatile investment activity, funding momentum across the world’s third largest startup ecosystem skyrocketed in the middle of the ongoing month on the back of larger-ticket transactions and consolidations.

Indian startups raised $559.2 Mn across 19 deals between June 9 and 14, a 316% jump from the $134.4 Mn raised by 16 startups in the preceding week.

Besides the bumper funding trends over the past week, the week was one of the most happening this year for the startups going for IPOs. While several startups took key steps in furthering their market debut, ArisInfra emerged to be the second new-age tech company to file its RHP this week.

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Funding Galore: Indian Startup Funding Of The Week [ Jun 9 – 14 ]

Date	Name	Sector	Subsector	Business Model	Funding Round Size	Funding Round Type	Investors	Lead Investor
13 Jun 2025	Groww	Fintech	Investment Tech	B2C	$202.3 Mn	Series F	GIC, ICONIQ Capital	–
12 Jun 2025	Spinny	Ecommerce	Recommerce	B2C	$170 Mn***	Series F	Accel Leaders Fund, Fundamentum, WestBridge	Accel Leaders Fund
10 Jun 2025	CRED	Fintech	Payments	B2C	$72 Mn	Series G	Lathe Investment, RTP Capital, Sofina, QED Innovation Labs	Lathe Investment
10 Jun 2025	FlexiLoans	Fintech	Lending tech	B2B	$43.8 Mn*	Series C	Nuveen, Fundamentum, Accion Digital Transformation, Maj Invest, British International Investment	Nuveen
9 Jun 2025	Sanlayan	Advanced Hardware & Technology	Defence Tech	B2B	$21.7 Mn	Series A	Ashish Kacholia, Lashit Sanghvi, Jungle Ventures	Ashish Kacholia
9 Jun 2025	Vecmocon	Clean Tech	Electric Vehicles	B2B	$18 Mn	Series A	Ecosystem Integrity Fund, Aavishkaar Capital, British International Investment	Ecosystem Integrity Fund, Aavishkaar Capital
10 Jun 2025	Wow! Momo	Foodtech	QSR	B2C	$10 Mn	Debt	Stride Ventures	Stride Ventures
11 Jun 2025	PowerUp Money	Fintech	Investment Tech	B2C	$7.1 Mn	Seed	Accel, Blume Ventures, Kae Capital, 8i Ventures, DeVC	Accel, Blume Ventures, Kae Capital
11 Jun 2025	Refyne	Fintech	Fintech SaaS	B2B	$4 Mn	Debt	Stride Ventures	Stride Ventures
10 Jun 2025	Flick TV	Media & Entertainment	OTT	B2C	$2.3 Mn	Seed	Stellaris Venture Partners, Gemba Capital, Titan Capital	Stellaris Venture Partners
11 Jun 2025	Leumas	Enterprise Services	Manufacturing Solutions	B2B	$2.2 Mn	Seed	Capital 2B, Capital-A, Anicut Capital	Capital 2B
10 Jun 2025	Kisah Apparels	Ecommerce	D2C	B2C	$1.5 Mn	–	Sagar Daryani, Apoorv Salarpuria, Rahul Todi, Vinod Dugar, Inflection Point Ventures	Sagar Daryani
11 Jun 2025	Machaxi	Consumer Services	Hyperlocal Services	B2C	$1.5 Mn	–	Rainmatter, Prakash Padukone	Rainmatter
12 Jun 2025	Repello AI	Artficial Intelligence (AI)	Application Layer	B2B	$1.2 Mn	Seed	Venture Highway, pi Ventures, Entrepreneur First, Charles Songhurst, Vivek Raghavan, Satya Vyas	–
12 Jun 2025	PlutoPe	Web3	Digital Currencies & Assets	B2C	$500K	Pre-Seed	Manit Gupta	Manit Gupta
12 Jun 2025	Iom Bioworks	Ecommerce	D2C	B2C	$465K	Seed	Inflection Point Ventures	Inflection Point Ventures
9 Jun 2025	Roomstory.ai	Consumer Services	Hyperlocal Services	B2C	$348K	Pre-Seed	Rukam Sitara Fund	Rukam Sitara Fund
13 Jun 2025	Pehla Jaisa	Agritech	Agri & Farm Inputs	B2B	$300K	Pre-Series A	Pantnagar Capital, Climate Angels	–
11 Jun 2025	Zolo	Consumer Services	Property Listing & Discovery	B2C	–	Debt	VentureSoul Partners	VentureSoul Partners
	Source: Inc42 Part of a larger round Included this week as it was skipped last week ** Includes both primary and secondary deal Note: Only disclosed funding rounds have been included

Key Startup Funding Highlights Of The Week

On the back of Groww’s mega funding round and other big ticket deals like CRED’s $72 Mn fundraise, fintech dominated the funding trends at a sectoral level. The sector saw a fresh infusion of $339.7 Mn across the greatest number of six deals.
Ecommerce trailed fintech this week, with three startups raising $172 Mn. Unicorn Spinny closed its mega funding round this week, raising $170 Mn from investors like Accel and WestBridge.
The week saw a lot of activity from investors across the board, with firms like Fundamentum, Stride Ventures and Accel, Stellaris, backing multiple startups.
Seven startups at the seed stage raised $14.1 Mn this week, marking a 83% jump from the $7.7 Mn raised by startups at this stage last week.

Startup IPO Developments This Week

PharmEasy backed ArisInfra filed its RHP for a INR 500 Cr IPO. The B2B ecommerce company bids to get listed within this month.
Looking to file its DRHP within a few weeks, ecommerce major Meesho converted into a public entity this week.
Furniture and mattress company Wakefit converted into a public company in the run up to its INR 2,000 Cr IPO.
Peak XV-backed fintech unicorn Pine Labs plans on filing its DRHP by the end of this month.

Mergers & Acquisitions This Week

Wubba Lubba Dub Dub (WLDD) acquired Bengaluru-based creative marketing startup Imagined Studio in an all-cash deal.
Nazara completed its buyout of video game publisher Curve Digital Entertainment Ltd (Curve Games) for INR 247 Cr.
BRND.ME (erstwhile Mensa Brands) has sold India Lifestyle Network (ILN) to RPSG Group for around $9 Mn in an all cash deal.
ICRA has entered into a definitive agreement to acquire risk and reporting solutions provider Fintellix this week.

Other Developments Of The Week

Listed fintech major Infibeam is set to raise INR 700 Cr via a rights issue to invest in its subsidiaries Infibeam Projects, AI arm Nueromind Technologies, and Reddif, and pursue acquisitions in the future.
Jewellery brand GIVA is eyeing the raise of INR 450 Cr at a valuation of $374 Mn, marking a near 50% increase from its last valuation.
Rapido is in talks to secure $15 Mn from Nexus Venture Partners to fuel its food delivery service ‘Ownly’.
Fintech AbleCredit will be raising $5 Mn in its Series A funding round, as per sources. The funding round will be led by a top Indian VC firm, while existing investors Merak Venture and Venture Catalysts will also participate in the Series A round.
Electric mobility startup Kazam is set to raise $6 Mn in a funding round led by existing investor Vertex Ventures, with participation from Avaana Capital and Chakra Growth Capital.