Indian Startups Funding Roundup: $432 Million Raised this Week

This week, Indian startups secured approximately $432 million through 21 disclosed fundraising activities. This includes 7 growth-stage and 14 early-stage rounds, while two startups chose not to reveal their funding details. Additionally, a new unicorn emerged during this period, alongside 10 significant leadership appointments, the introduction of 4 new funds, a prominent acquisition, and the closure of a startup. In comparison, the previous week saw 28 startups collectively obtain about $255.9 million.

Growth-Stage Deals

Growth-stage startups raised a notable total of $380.4 million across seven transactions this week. Leading the pack was the AI startup Sarvam, which attracted $234 million in the initial closing of its $300 million Series B round, achieving a post-money valuation of $1.5 billion and becoming one of the latest AI unicorns in India.
The residential solar venture SolarSquare raised $53 million in a Series C round led by B Capital, benefiting from the support of existing investors such as Lightspeed, Elevation Capital, Lowercarbon Capital, Rainmatter, and Good Capital. Meanwhile, the pet healthcare startup Vetic obtained $40 million, led by Bessemer Venture Partners, with contributions from existing investors Greenoaks Capital, Lachy Groom, and JSW Family Office.
Other notable deals included clean-label nutrition brand TruNativ, which raised $30 million in a round led by OrbiMed Advisors, and digital entertainment startup Rusk Media, which secured Rs 100 crore ($10.6 million) in a Pre-Series C round, led by Nazara Technologies and supported by Info Edge Ventures, IvyCap Ventures, and Audacity VC. Fresh capital also flowed to biotech startup Zumutor Biologics and gourmet retail venture Foodstories.

Early-Stage Deals

Early-stage startups raised $51.36 million across 14 transactions this week, with the AI verification and accountability platform Pramaana Labs leading the way after raising $27 million in a seed funding round backed by Khosla Ventures, along with participation from Accel, Boldcap, Nexus Venture Partners, Premji Invest, and Unbound.
Karo Sambhav secured $6 million in a pre-Series A round led by Rainmatter by Zerodha. Additionally, ContraVault AI raised $3.1 million in a Pre-Series A round led by Chiratae Ventures, supported by Titan Capital Winners Fund. CREST garnered $3.1 million in a pre-seed round led by BEENEXT. In the healthcare domain, IHLD MedTech received a strategic investment from UltraGreen.ai, which is listed on the Singapore Exchange, including an initial $3 million commitment to enhance its AI-driven healthcare solutions.
Other startups receiving funding during this week included healthtech firm IHLD Medtech, industrial AI transformation platform AutoVRse, AI startup Maya Research, used two-wheeler platform Speedioo, and six additional entities.

City and Segment-wise Deals

Bengaluru remained at the forefront of the funding landscape with 10 startup deals, followed by Mumbai and Delhi-NCR, each with 5 deals. Pune, Hyderabad, and Udaipur each recorded a single deal.
In terms of segments, AI startups emerged as the dominant category with 6 deals, trailed by healthtech with 3 deals. Other sectors such as EV, marketing, energy, e-commerce, media & entertainment also witnessed funding activity during this period.

Series-wise Deals

Seed rounds led the week with 7 deals, while Series B and pre-seed rounds each recorded 3 transactions. Series C, pre-Series A, pre-Series C, pre-Series B, and Series A also experienced notable activity.

Week-on-Week Funding Trend

On a weekly basis, startup funding surged 70.5% to $431.76 million, compared to around $253.34 million raised in the preceding week. The average funding over the last eight weeks stands at approximately $211.61 million, with an average of 20 deals recorded weekly.

Key Hirings and Departures

Bigbasket, the quick commerce platform owned by the Tata Group, has appointed Amit Nanda to take on the role of Chief Executive Officer (CEO), succeeding the long-serving CEO Hari Menon. Trupeer AI, a platform focused on workflow knowledge for teams and AI agents, has welcomed Raghu Subramanian as President and Chief Business Officer.
Online education platform UNIVO has named Nitin Golani as its Chief Executive Officer to drive the next phase of development. Grip Invest elevated Ankit Dokania to the position of Chief Financial Officer (CFO).
Kris@Work, an AI-native Go-To-Market execution platform, has elevated Ananta Joshi, Samanvith Reddy Balugari, and Sunil Chandra Angara as co-founders to reinforce its leadership team and expand operations.

Mergers and Acquisitions

French beauty giant L’Oréal has finalised an agreement to acquire a majority stake in personal care startup Innovist, enhancing its presence in India’s beauty and personal care landscape. While specific terms of the deal were not disclosed, media earlier valued Innovist between $350 million and $450 million (approximately Rs 3,240 crore to Rs 4,170 crore).

Fund Launches

Quadria Group-backed HealthQuad has announced the initial closing of its third fund, HealthQuad Fund III, securing commitments of Rs 550 crore, more than one-third of the target corpus of Rs 1,700 crore. Deeptech VC YourNest Venture Capital has finalised Rs 400 crore for its continuation fund, YourNest Continuum Fund I, backed by HDFC AMC Select Fund of Funds I, aimed at supporting its high-performing portfolio startups. The fund will allocate Rs 60–90 crore across seven startups, including Miko, Dozee, Exponent Energy, Twid, Opkey, and Thriwe.
Atom XVII has launched a Category II Alternative Investment Fund (AIF), seeking Rs 75 crore to invest in India’s consumer market, concentrating on pre-Series A startups within high-growth sectors, and has already secured Rs 40 crore in soft commitments, with the first close expected by July 2026. Ideabaaz and BeyondSeed have initiated IdeabaazBeyondSeed100, a Rs 100 crore startup investment scheme providing capital, mentorship, investor access, and growth support for startups.

Shutdown

The startup consulting and learning platform xto10x has ceased operations for its HR tech product PeopleCues, marking the end of its venture into employee engagement and performance management software due to unsatisfactory growth, as confirmed by co-founder Neeraj Aggarwal.

Q4 FY26 Results This Week

New Launches and Partnerships

Trackk has introduced equity investing and futures & options trading aimed at young investors in India, providing a platform for users to explore investment opportunities, create personalised portfolios, and execute trades on a unified interface.

News Flash This Week

The National Stock Exchange (NSE) has filed the draft red herring prospectus (DRHP) for a long-anticipated IPO, which will consist entirely of an offer for sale (OFS) of 14.89 crore equity shares by existing shareholders, without a fresh issue.
Recently, the government has temporarily suspended Telegram in India until June 22 ahead of the NEET re-examination and directed the platform to deactivate its message-editing function until June 30 to prevent fraud and misinformation.
Insurtech firm Turtlemint has set the IPO price range for its Rs 883 crore offering at Rs 144–152 per share. The public offering, which includes a fresh issue of Rs 661 crore as well as an OFS worth Rs 222 crore by founders and current investors, is set to open for subscription on June 19 and conclude on June 23, with the anchor book opening on June 18.
Walmart-backed PhonePe retained its leading position in the UPI ecosystem for May, processing 10.73 billion transactions, achieving a 46.3% share by volume, as stated by NPCI data. Overall UPI transactions increased to 23.2 billion from 22.35 billion in April, with the total value rising to Rs 29.90 lakh crore. Google Pay also maintained a strong presence, processing 7.60 billion transactions for a 32.8% volume share and 33.5% value share, amounting to Rs 10.03 lakh crore.
ARIFAC, a private-public platform in India focused on AML/CFT, has been launched with FIU-India participating as an observer and PCI-FCC serving as the secretariat, aimed at enhancing compliance, training, and capacity building to combat financial crime. Jio Platforms, the digital division of Reliance Industries, has submitted its DRHP with SEBI for an IPO, featuring a fresh issue of up to 27 crore shares. While the size of the issue is not disclosed, estimates suggest that the company could raise between Rs 30,000 crore and Rs 40,000 crore, valuing it between Rs 10 lakh crore and Rs 15 lakh crore.