Source: istock
Between June 9 and 14, Indian startups collected $567.5 million over 19 funding, a significant bounce-back in investment activity. This represents a 322% increase from the prior week where 16 startups raised $134.4 million.
The reason for this large jump was due to sizable investments in fintech startups. Investment app Groww pulled in the highest funding of the week, securing $202.3 million in its funding round, and CRED, another fintech company, secured $72 million. The fintech sector has led the overall funding with six deals collecting a total of $339.7 million.
The ecommerce sector came in a distant second when it comes to collecting funding overall with three deals that raised $172 million. Spinny, a car-selling platform, raised the vast majority of those funds at $170 million and attracted investors including Accel and WestBridge.
Seed-stage startups also experienced some success this week. Seven early-stage startups raised $14.1 million, significant increase from $7.7 million raised in the previous week.
Investor brands such as Fundamentum, Stride Ventures, Accel, and Stellaris were active throughout the week, backing multiple companies.
Startups Getting Ready for IPOs
The week also saw several startups gearing up to go public:
- ArisInfra, the B2B ecommerce company backed by PharmEasy, filed papers for an ₹500 crore IPO.
- Ecommerce platform Meesho is planning to file for an IPO.
- Wakefit, a furniture brand is preparing for a ₹2,000 crore IPO.
- Fintech unicorn Pine Labs may file for an IPO by the end of the month.
Corporate Acquisitions
There were also several important acquisitions:
- Wubba Lubba Dub Dub (WLDD) acquired marketing firm Imagined Studio in an all-cash deal.
- Nazara Technologies acquired video game company Curve Games for 247 crore rupees.
- BRND.ME (previously known as Mensa Brands) sold the India Lifestyle Network to RPSG Group for $9 million.
- ICRA agreed to purchase risk-tech firm Fintellix.
Additional Key Developments
Fintech platform Infibeam plans to raise ₹700 crores for investing in a business in tech digital space and to fund new acquisitions.
Jewelry brand GIVA is planning a ₹450 crore round seeking a valuation of $374 million.
Ride-hailing service Rapido is looking to raise $15 million to expand its food delivery arm Ownly.
Fintech start-up AbleCredit is planning a new round of funding of $5 million.
Electric mobility startup Kazam is expected to raise $6 million from investors including Vertex Ventures, Avaana Capital, and Chakra Growth Capital.
This week marks one of the largest funding weeks for Indian startups in 2025. With big names raising large amounts and IPO activity on the rise, the startup sector in India is showing signs of robust growth and return of investor confidence.
