Indian Startup Funding — Startups Raised $92 Mn This Week

From WIOM To Oben Electric — Indian Startups Raised $92 Mn This Week

SUMMARY

Between June 16 and 21, startups raised $91.5 Mn across 10 deals, down 84% from the $559.2 Mn raised by 19 startups in the preceding week

Fintech continued to be the most funded sector this week, with three startups in the space raising $40.1 Mn

Gurugram-based MakeMyTrip completed the biggest fundraise of $3.1 Bn undertaken by any Indian-origin new-age tech company

After gaining ground, investment activity in the Indian startup ecosystem plunged in the third week of June. Between June 16 and 21, startups raised $91.5 Mn across 10 deals, down 84% from the $559.2 Mn raised by 19 startups in the preceding week.

As private funding went for a toss in the week, the Indian startup ecosystem was rife with positive developments. While ArisInfra became the second startup to close its IPO in 2025, Capillary Technologies refiled its IPO papers. Meanwhile, Gurugram-based MakeMyTrip completed the biggest fundraise of $3.1 Bn undertaken by any Indian-origin new-age tech company.

With that, let’s take a look at what happened this week.

Funding Galore: Indian Startup Funding Of The Week [ Jun 16 – 21 ]

Date	Name	Sector	Subsector	Business Model	Funding Round Size	Funding Round Type	Investors	Lead Investor
18 Jun 2025	WIOM	Consumer Services/ Enteprise Services	–	B2B-B2C	$35 Mn	–	Bertelsmann India Investments, Accel, Prosus, Promaft Partners, RTP global	Accel, Prosus
17 Jun 2025	POP	Fintech	Banking	B2C	$30 Mn	–	Razorpay	Razorpay
18 Jun 2025	Oben Electric	Cleantech	Electric Vehicles	B2C	$11.5 Mn*	Series A	Helios Holdings, Sharda family office, Kay family	–
18 Jun 2025	Techfino	Fintech	Lending Tech	B2B-B2C	$7.5 Mn	–	Stellaris Venture Partners, Saison Capital	–
17 Jun 2025	Saswat Finance	Fintech	Banking	B2B	$2.6 Mn	Pre-Series A	Ankur Capital, Incubate Fund Asia	Ankur Capital
19 Jun 2025	illumine	Enterprise Tech	Vertical SaaS (Edtech)	B2B	$2.5 Mn	Seed	Prime Venture Partners	Prime Venture Partners
17 Jun 2025	Darwix AI	Artificial Intelligence	Application Layer	B2B	$1.5 Mn	–	Rebalance, IPV, JITO Incubation and Innovation Foundation, Growth Sense, Growth91, Ankit Nagori, Sanjay Suri, Amit Lakhotia, Mekin Maheshwari	–
18 Jun 2025	7 Ring	Ecommerce	D2C (Consumer Electronics)	B2C	$462K	Pre-Series A	Venture Catalysts, Anchorage Capital Partners, Sheth family office	Venture Catalysts
16 Jun 2025	Nuvie	Ecommerce	D2C (F&B)	B2C	$450K	Pre-Seed	PedalStart	PedalStart
17 Jun 2025	Xportel	Logistics	Shipping & Delivery	B2B	–	Seed	Rukam Sitara, Flipkart Ventures	Rukam Sitara, Flipkart Ventures
	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

Fintech continued to be the most funded sector this week, with three startups in the space raising $40.1 Mn. This marked a near 90% decline from the $340 Mn raised by fintech startups last week
Telecom startup WIOM’s $35 Mn fundraise was the largest funding round this week. Investors like Accel, Prosus, Bertelsmann and RTP Global, among others, partook in the round.
Three startups at the seed stage raised $3.5 Mn this week, down substantially from the $14.1 Mn raised by startups at this stage last week.

Startup IPO Developments This Week

IPO of B2B ecommerce company ArisInfra Solutions closed with an oversubscription of 2.65X, with investors bidding for 3.47 Cr shares as against 1.31 Cr shares on offer. The company raised INR 225 Cr from anchor investors this week ahead of its public offer.
SaaS company Capillary Technologies filed its DRHP for an IPO which will consist of a fresh issue of INR 430 Cr and an offer for sale (OFS) component comprising 18.3 Mn shares.
Enroute to its IPO, ecommerce major Meesho received approval from the NCLT to shift its headquarters back to India from the US.
Zepto has now deferred its IPO plans to next year to strengthen its growth, profitability and domestic ownership.

Mergers & Acquisitions This Week

InCred’s wealth arm InCred Money acquired Stocko to enter the retail broking space.
Krutrim acquired BharatSah’AI’yak to help it advance its development of large language models (LLMs), cloud infrastructure and agentic AI platform Kruti.

Other Developments Of The Week

Nasdaq-listed MakeMyTrip raised $3.1 Bn in a mix of convertible notes and a primary offering of shares to repurchase a portion of its Class B shares from China’s Trip Group.
Ahead of its IPO, BlueStone is inviting investors to infuse pre-IPO capital in the company at a valuation in the north of $1 Bn.
Physis Capital raised over INR 200 Cr as part of its INR 400 Cr maiden fund. With the fund, the VC firm aims to build a portfolio of 15 to 20 startups operating in the fintech, SaaS, enterprise tech, edtech, deeptech and logistics sectors.
PE firm Quadria Group launched HealthQuad Fund III with a target corpus of $300 Mn. The firm aims to back 13-15 healthtech startups with the fund.
EV maker Okinawa is eyeing the raise of INR 60 Cr from existing investor Dhruv Khush Business Ventures.