From Groww To Sanlayan — Indian Startups Raised $568 Mn This Week
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 $567.5 Mn across 19 deals between June 9 and 14, a 322% 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.
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 | $30 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 | 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 |
- 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.
- PharmEasy backed 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 this week.
- Furniture and mattress company Wakefit in the run up to its INR 2,000 Cr IPO.
- Peak XV-backed fintech unicorn Pine Labs by the end of this month.
- Wubba Lubba Dub Dub (WLDD) in an all-cash deal.
- Nazara completed its Digital Entertainment Ltd (Curve Games) for INR 247 Cr.
- BRND.ME (erstwhile Mensa Brands) has 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.
- Listed fintech major Infibeam is set to invest in its subsidiaries Infibeam Projects, AI arm Nueromind Technologies, and Reddif, and pursue acquisitions in the future.
- Jewellery brand GIVA is at a valuation of $374 Mn, marking a near 50% increase from its last valuation.
- Rapido is from Nexus Venture Partners to fuel its food delivery service ‘Ownly’.
- Fintech AbleCredit 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 in a funding round led by existing investor Vertex Ventures, with participation from Avaana Capital and Chakra Growth Capital.
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