Indian Startup Funding — Startups Raised $134 Mn This Week

SUMMARY

Between June 2 and 7, Indian startups cumulatively raised $134.4 Mn across 16 deals, marking a 45% uptick from the $92.9 Mn raised by 15 startups in the previous week

Over 95% of investments this week were lapped up by startups in the ecommerce and fintech space

360One Asset emerged as the most active investor this week, leading Snitch's Series B funding round and Naagin's $2.1 Mn funding round

The volatility in the funding trends across the Indian startup ecosystem continued in the first week of June. After plunging significantly in the last week of May, investment activity gradually gathered steam.

Between June 2 and 7, Indian startups cumulatively raised $134.4 Mn across 16 deals, marking a 45% uptick from the $92.9 Mn raised by 15 startups in the previous week. The funding trends remained largely restricted to the ecommerce and fintech sector this week.

Funding Galore: Indian Startup Funding Of The Week [ Jun 2 – 7 ]

Date	Name	Sector	Subsector	Business Model	Funding Round Size	Funding Round Type	Investors	Lead Investor
2 Jun 2025	Snitch	Ecommerce	D2C	B2C	$40 Mn	Series B	360One Asset, Ravi Modi Family Office, IvyCap Ventures, SWC Global	360One Asset
2 Jun 2025	Udaan	Ecommerce	B2B Ecommerce	B2B	$39 Mn*	Series G	–	–
3 Jun 2025	Stable Money	Fintech	Investment Tech	B2C	$20 Mn	Series B	Fundamentum Partnership, Aditya Birla Ventures, Z47, RTP Global Lightspeed	Fundamentum Partnership
5 Jun 2025	LoanTap	Fintech	Lending Tech	B2B-B2C	$8.6 Mn	Pre-Series C	July Ventures, 3one4 Capital, Avaana Capital, Kae Capital, Swapurna Family Office	July Ventures
3 Jun 2025	GyanDhan	Fintech	Lending Tech	B2C	$5.8 Mn	Series A	Classplus, Pravega Ventures	–
4 Jun 2025	Plush	Ecommerce	D2C	B2C	$4.7 Mn	–	Rahul Garg, Blume Founders Fund, OTP Ventures, Careernet, Patni Family Office, Sumit Jalan, Ajay Kumar Aggarwal	Rahul Garg
6 Jun 2025	Biopeak	Healthtech	Fitness & Wellness	B2C	$3.5 Mn	Seed	Prashanth Prakash, Nikhil Kamath, Nithin Kamath, Claypond Capital	Prashanth Prakash
6 Jun 2025	Decentro	Fintech	Fintech SaaS	B2B	$3.5 Mn	Series B	InfoEdge Ventures, Stargazer Growth, Uncorrelated Venture	InfoEdge Ventures
3 Jun 2025	True Diamond	Ecommerce	D2C	B2C	$3 Mn	–	India Quotient, Titan Capital, Huddle Ventures	India Quotient
4 Jun 2025	Naagin	Ecommerce	D2C	B2C	$2.1 Mn	–	360One Asset	360One Asset
2 Jun 2025	Spense	Fintech	Fintech SaaS	B2B	$1.9 Mn	Pre-Seed	GrowthCap Ventures, Kunal Shah, Sayandeb Banerjee, Suresh Rayasam, Ravi Sudhakar	GrowthCap Ventures
3 Jun 2025	Gully Labs	Ecommerce	Recommerce	B2C	$1 Mn	Seed	Zeropearl VC, Vivekananda Hallekere, Suhasini Sampath, Nishchay AG, Ashutosh Valani, Anurag Ramadasan, Rahul Seth, Untitled Ventures, Atrium Ventures, Stride Ventures	Zeropearl VC
5 Jun 2025	Biglilpeople	Ecommerce	D2C	B2C	$466K	Seed	Capwise Financial Services	–
5 Jun 2025	Khari Foods	Ecommerce	D2C	B2C	$350K	Seed	Meri Punji IMF	Meri Punji IMF
5 Jun 2025	The Tarzan Way	Travel Tech	Booking Services	B2C	$233K	Seed	Inflection Point Venture, Your Trips, Prateek Maheshwari	Inflection Point Venture
6 Jun 2025	Kosmc AI	Enterprise Tech	Horizontal SaaS	B2B	$200K	Pre-Seed	–	–
	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

The week saw Udaan closing its Series G funding round at $114 Mn. The startup bagged $75 Mn in the first tranche of the round in February. Buoyed by Udaan’s fundraise and Snitch’s $40 Mn funding round, ecommerce sector saw the highest capital infusion of $90.7 Mn across eight deals this week.
Fintech emerged as the second most funded sector this week, with five startups raising $39.8 Mn this week.
360One Asset emerged as the most active investor this week, leading Snitch’s Series B funding round and Naagin’s $2.1 Mn funding round.
Seven startups at the seed stage raised $7.7 Mn this week, more than double of the $3.2 Mn raised by startups at this stage last week.

Fund Updates Of The Week

Healthcare-focussed VC firm HealthKois unveiled its $300 Mn fund to back early and growth-stage startups.
VC firm Caret Capital announced the first close of its INR 400 Cr second VC fund at INR 160 Cr this week.

Startup IPO Developments This Week

Ahead of its IPO, Peyush Bansal-led Lenskart has converted into a public entity, marking the first step to its public listing. As per reports, the eyewear giant will be targeting $1 Bn via its IPO.
Recently turned unicorn Moneyview also converted into a public entity this week as it prepares for its $400 Mn IPO.
SaaS startup Capillary Technologies received approval from its board to raise INR 2,250 Cr via its IPO.
Adding to the list of startups taking the confidential route to IPO, contract manufacturing startup Aequs has pre-filed its IPO papers to raise $200 Mn via its public listing.
Hit by higher than expected burn, Zepto has pushed its IPO plans to 2026.

Other Developments Of The Week

Groww will be raising $202.3 Mn in its Series F funding round from investors like GIC and ICONIQ Capital.
Gaming major Nazara completed the acquisition of insolvency ridden Smaaash for INR 126 Cr.
Adding to its acquisition spree, Zaggle announced plans to acquire enterprise spend management startup Dice Enterprises for INR 123 Cr this week.
Furniture brand Pepperfry will be raising about $5 Mn from existing investors General Electric, Norwest Venture Partners and Goldman Sachs to support its growth, expansion and other corporate purposes.