From Raphe mPhibr To GoKwik — Indian Startups Raised $278 Mn This Week
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 |
- 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.
- 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 routeto file its DRHP next month.
- B2B construction marketplace ArisInfra made itspublic market debut this week, listing at a 6% discount on the BSE at INR 209.
- 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 thefinal close of its second fund at $214 Mn, exceeding its initial target of $200 Mn.
- Nazara’s subsidiary Sportskeeda signed an asset purchaseagreement 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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