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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 |
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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.
The post From Raphe mPhibr To GoKwik — Indian Startups Raised $278 Mn This Week appeared first on Inc42 Media.
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