Indian startups saw increased venture capital funding activity in the second week of June, although the overall momentum remained subdued, given the volatile global macroeconomic environment.
Startups clocked a total funding of $299 million across 22 deals in the week, compared to $213 million in the previous week—a 40% rise. However, in terms of absolute numbers, there was not much of a significant movement.
The weekly inflow of VC money into Indian startups over the past 12 weeks has largely hovered around the $100-200 million range, which does not augur well for the ecosystem. Each week, one or two startups with $50 million or more in funding deals are providing the overall lift to the ecosystem.
The $100 million-plus deals are almost missing, and the ecosystem has seen only six such transactions in 2025 till now. This lower number does not help in boosting the overall fund inflow into Indian startups.
It is likely the current situation will persist for some time.
The Indian startup ecosystem continues to see interesting developments. There are now more startups planning to go public, including Groww, Lenskart, and Pine Labs. This is a positive sign for the Indian startup ecosystem, where there is heightened interest among VC investors.
Key transactions
Fintech startup CRED raised $72 million from GIC, RTP Global, Sofina Ventures, and QED Innovation Labs.
Jewellery brand GIVA raised Rs 450 crore (about $52.6 million) from Creaegis Investment, Premji Invest, Epiq Capital, Edelweiss Discovery Fund, and others.
Fintech startup FlexiLoans raised Rs 375 crore ($43.8 million) from Fundamentum, Accion Digital Transformation, Nuveen, Maj Invest, and BII.
Construction tech startup Knest Manufacturing raised Rs 300 crore (about $35 million) from Lighthouse Funds.
Aerospace startup Sanlayan Technologies raised Rs 186 crore ($21.7 million) from Jungle Ventures, Gemba Capital, Singularity Ventures, Shastra VC, and angel investors.
Deeptech startup Vecmocon Technologies raised $18 million from Ecosystem Integrity Fund (EIF), Blume Ventures, and Aavishkaar Capital.
Ride-hailing startup Rapido raised Rs 125 crore (about $14.5 million) from Nexus Ventures.
Wow! Momo Foods raised Rs 85 crore (about $9.9 million) from Stride Ventures.
Wealthtech startup PowerUp Money raised $7.1 million from Accel, Blume Ventures, Kae Capital, 8i Ventures, DeVC, and angel investors.
E-mobility startup Kazam raised $6 million from Vertex Ventures, Avaana Capital, and Chakra Growth Capital.
Edited by Suman Singh
