Indian Startup Funding — Startups Raised $278 Mn This Week

SUMMARY

Between June 23 and 28, Indian startup funding stood at $278.3 Mn via 22 deals, up 204% from the preceding week

Defencetech took the front seat in the Indian startup funding this week, with four advanced hardware and tech startups raising $113.5 Mn

VC firms Accel and DSG Consumer Partners emerged as the most active investors this week, backing two startups each

After plunging significantly last week, funding momentum across the Indian startup ecosystem gained footing in the final week of June. Between June 23 and 28, startups raised $278.3 Mn across 22 deals, nearly 3X of the $91.5 Mn raised by ten startups in the preceding week.

Funding Galore: Indian Startup Funding Of The Week [Jun 23 – 28]

Date	Name	Sector	Subsector	Business Model	Funding Round Size	Funding Round Type	Investors	Lead Investor
26 Jun 2025	Raphe mPhibr	Advanced Hardware & Technology	Aerial Vehicles	B2B	$100 Mn	–	General Catalyst, Think Investments, Amal Parikh	General Catalyst
25 Jun 2025	GIVA	Ecommerce	D2C	B2C	$62 Mn	–	Creaegis, Premji Invest, Epiq Capital, Edelweiss Discovery Fund	Creaegis
23 Jun 2025	EKA Mobility	Cleantech	Electric Vehicles	B2C	$23 Mn	–	Enam Holdings	Enam Holdings
26 Jun 2025	ShopOS	Artificial Intelligence (AI)	Application Layer	B2B	$20 Mn	Seed	3STATE Ventures	3STATE Ventures
24 Jun 2025	GoKwik	Fintech	Banking	B2B	$13 Mn	–	RTP Global, Z47, Peak XV Partners, Think Investments	RTP Global
25 Jun 2025	Sahi	Fintech	Investment Tech	B2C	$10.5 Mn	Series A	Accel, Elevation Capital	Accel, Elevation Capital
24 Jun 2025	Fabheads	Advanced Hardware & Technology	Aerial Vehicles	B2B	$10 Mn	Series A	Accel, Trifecta Capital	Accel
23 Jun 2025	Kazam	Cleantech	Electric Mobility	B2B	$6.2 Mn	Series B	International Finance Corporation, Vertex Ventures SEA & India, Avaana Capital	International Finance Corporation
26 Jun 2025	Flipspaces	Real Estate Tech	Real Estate Services	B2B	$5.9 Mn*	–	Asiana Fund	Asiana Fund
26 Jun 2025	StayVista	Travel Tech	Booking Services	B2C	$5 Mn	Series B	JSW Ventures, DSG Consumer Partners, Capri Global Family Office	JSW Ventures
23 Jun 2025	Rabitat	Ecommerce	D2C	B2C	$4.6 Mn	Series A	RPSG Capital, DSG Consumer Partners, Capital A, Accurize Syndicate, Flair Writing Family Office, Eagle Venture Fund, AG Ventures, Vedang Patel, Harsh Lal, Rohin Samtaney, Ramakant Sharma, Sourabh Jain, Ankit Nagori	RPSG Capital, DSG Consumer Partners
27 Jun 2025	ZILO	Consumer Services	Quick Commerce	B2C	$4.5 Mn	Seed	Info Edge Ventures, Chiratae Ventures	Info Edge Ventures, Chiratae Ventures
24 Jun 2025	Evera Cabs	Travel Tech	Booking Services	B2C	$4 Mn	Debt	Mufin Green Finance	Mufin Green Finance
27 Jun 2025	Coratia Technologies	Advanced Hardware & Technology	Maritime Tech	B2B	$2 Mn	Pre-Series A	MGF-Kavachh	MGF-Kavachh
24 Jun 2025	Fantail	Enterprise Services	Manufacturing Solutions	B2B	$1.6 Mn	Seed	Riverwalk Holdings, Incubate Fund Asia, All in Capital	Riverwalk Holdings, Incubate Fund Asia, All in Capital
25 Jun 2025	Armory	Advanced Hardware & Technology	Defence Tech	B2B	$1.5 Mn	–	growX Ventures, Industrial 47, Antler, AC Ventures, Dexter Ventures	growX Ventures
26 Jun 2025	Jobizo	Enterprise Tech	Horizontal SaaS	B2B	$1.4 Mn	Pre-Series A	Inflection Point Ventures, Alkemi Ventures	Inflection Point Ventures, Alkemi Ventures
24 Jun 2025	Skippi	Ecommerce	D2C	B2C	$1.4 Mn	Pre-Series A	–	–
25 Jun 2025	AuraML	Artificial Intelligence (AI)	AI Infrastructure & Development	B2B	$1 Mn	pre-Seed	Turbostart, DeVC, GSF Accelerator, Indian Angel Network	Turbostart
24 Jun 2025	Innovodigm	Health Tech	–	B2B	$643K	Seed	IAN Group
23 Jun 2025	Truliv	Real Estate Tech	Property Listing & Discovery	B2C	–	–	Bennett, Coleman & Co	Bennett, Coleman & Co
	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

Defencetech took the front seat in the Indian startup funding this week, with four advanced hardware and tech startups raising $113.5 Mn. In this, dronetech startup Raphe mPhibr raised a mega funding round of $100 Mn at a valuation of $900 Mn.
Ecommerce sector saw a similar number of four deals materialise this week, with four startups raising $68 Mn.
VC firms Accel and DSG Consumer Partners emerged as the most active investors this week, backing two startups each.
Five startups at the seed stage bagged $27.8 Mn this week, marking an over 8X jump from the $3.5 Mn raised by startups at this stage last week.

Startup IPO Developments This Week

Fintech major Pine Labs filed for its much anticipated IPO this week. The startup’s IPO will comprise a fresh issue of INR 2,600 Cr and an offer for sale of up to 14.78 Cr shares.
Wakefit filed its DRHP for an IPO that will comprise a fresh issue of INR 468 Cr and an OFS component of 5.8 Cr equity shares.
PhonePe will likely file for a $1.5 Bn IPO by August. The fintech major will be eyeing a valuation of $15 Bn for its public offering.
Logistics unicorn Shadowfax is likely to take the confidential route to file its DRHP next month.
B2B construction marketplace ArisInfra made its public market debut this week, listing at a 6% discount on the BSE at INR 209.

Other Developments This Week

Coworking space provider Incuspaze acquired Pune-based competitor TRIOS in a cash-and-stock deal to expand its presence in Pune.
PE firm Amicus Capital marked the final close of its second fund at $214 Mn, exceeding its initial target of $200 Mn.
Nazara’s subsidiary Sportskeeda signed an asset purchase agreement to acquire the intellectual property rights (IPR) of US-based Prime Timer for $500K.
VC firm Campus Fund launched its third and largest fund till date with a target corpus of $100 Mn.