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.
The post From Snitch To Stable Money — Indian Startups Raised $134 Mn This Week appeared first on Inc42 Media.