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From FirstClub To Innefu— Indian Startups Raised $187 Mn This Week

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Inc42
Sat Jun 06 09:00:01 IST 2026
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Indian startup funding trends saw a recovery in the first week of June. During the past week, Indian startups cumulatively raised $187.4 Mn, a 260% week-on-week jump from $52 Mn raised last week. 

The ecosystem saw 21 deals in the period under review, from 14 funding deals recorded in the last week. 

Funding Galore: Indian Startup Funding Of The Week [Jun 1- Jun 5]

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DateNameSectorSubsectorBusiness ModelFunding Round SizeFunding Round TypeInvestorsLead Investor
4 Jun 2026FirstClubConsumer ServicesQuick CommerceB2C$55 MnSeries BPeak XV Partners, Sofina, Accel, RTP Global, Paramark VenturesPeak XV Partners, Sofina
5 Jun 2026InnefuEnterprise TechHorizontal SaaSB2B$30 MnSeries BPanthera Growth PartnersPanthera Growth Partners
1 Jun 2026Simple EnergyCleantechElectric VehiclesB2C$26.3 Mn**Series BDr. Arokiaswamy Velumani Family Office, Suhas Rajkumar (Simple Energy), Ankit Gupta (Simple Energy)Dr. Arokiaswamy Velumani Family Office
3 Jun 2026Aglitias SportsEcommerceD2CB2C$23.5 Mn–Nexus Venture Partners, RainmatterNexus Venture Partners
1 Jun 2026AnveshanEcommerceD2CB2C$15.8 MnSeries BVertex Ventures Southeast Asia & India, International Finance Corporation, Sriharsha Majety (Swiggy), Wipro Consumer Care Ventures, Titan Capital Winners Fund, Force Ventures, Aman Gupta (boAt), Sameer Mehta (boAt)Vertex Ventures Southeast Asia & India
4 Jun 2026TrueFan AIAIApplication LayerB2B$10 MnSeries ABaring Private Equity Partners India, Z3Partners, Indian Angel Network, 3Lines Venture CapitalBaring Private Equity Partners India, Z3Partners
4 Jun 2026WeRizeFintech–B2C$7 MnPre-Series CSony Innovation Fund, 3one4 CapitalSony Innovation Fund
3 Jun 2026PhabEcommerceD2CB2C$4 MnPre-Series AOTP Ventures, Chona Family OfficeOTP Ventures, Chona Family Office
2 Jun 2026ProLearnEdtechDigital Learning PlatformB2C$3.2 MnPre-SeedBEENEXT, Eximius Ventures, Antler IndiaBEENEXT
3 Jun 2026FraganoteEcommerceD2CB2C$3 MnSeries AV3 Ventures, Rukam CapitalV3 Ventures
2 Jun 2026AquapulseAgritechFarmtechB2B$2.1 Mn*Series AIndian Angel NetworkIndian Angel Network
3 Jun 2026PropsochReal Estate TechProperty Listing & DiscoveryB2C$2 MnSeedAthera Venture Partners, Sparrow Capital, Vakil GroupAthera Venture Partners, Sparrow Capital, Vakil Group
3 Jun 2026ZuveesEcommerceD2CB2C$1.6 Mn*Series AIvyCap VenturesIvyCap Ventures
4 Jun 2026VoltSealCleantechElectric VehicleB2B$1.5 MnPre-SeedTheia Ventures, Rainmatter, Momentum Capital, Social AlphaTheia Ventures
1 Jun 2026RoviaFintechWealthtechB2C$1 MnPre-SeedAntler India, CDM Capital, AC Ventures, Operators StudioAntler India
1 Jun 2026KorinMiEcommerceD2CB2C$1 MnSeedLotus Herbals Innovation FundLotus Herbals Innovation Fund
4 Jun 2026The Sweet ChangeEcommerceD2CB2C$187KPre-SeedRebalanceRebalance
5 Jun 2026Estro Tech RoboticsAdvanced Hardware & TechnologyRoboticsB2B$105KSeedGenroboticsGenrobotics
1 Jun 2026MediElajHealthtechDiagnosticsB2C$100K–––
1 Jun 2026InterCosmosAdvanced Hardware & TechnologySpacetechB2B––a99 VCa99 VC
2 Jun 2026RosadaEcommerceD2CB2C––Shilpa Shetty KundraShilpa Shetty Kundra
Source: Inc42
*Mix of equity and debt
**Part of larger round

Key Startup Funding Highlights Of The Week

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  • Out of 21 funding deals recorded this week, ecommerce accounted for 8 deals — making it the sector with the highest investment activity. Startups in the sector cumulatively raised a total of $49.1 Mn this week.
  • Quick commerce startup FirstClub raised the biggest $55 Mn cheque this week. The deal alone landed the consumer services sector the top spot in the cumulative fund infusion list. 
  • Seed stage funding jumped to $3.1 Mn across three deals this week, more than double from the $1.5 Mn raised by startups at this stage last week. 
  • Antler, IAN Alpha Fund and Rainmatter emerged as most active investors this week, backing two startups a piece.
    • Startup IPO Updates This Week
    • OTT startup Kuku filed its DRHP via confidential route to raise up to ₹2,500 Cr – ₹3,500 Cr through its IPO at a targeted valuation of up to ₹15,000 Cr. The fresh funds are likely to be utilised toward improving its technology and AI infrastructure, content production, and geographic expansion
    • Hospitality major  OYO’s parent entity PRISM received SEBI approval for its proposed IPO after the company confidentially filed its DRHP in December 2025.
    Other Developments Of The Week
    • Wealthtech startup Scripbox acquired the mutual fund distribution business of wealth management firm Bluechip Capital to expand its footprint in Delhi NCR. 
    • EV makerOla Electric completed its QIP, raising ₹780.24 Crby issuing 21.75 Cr equity shares at an issue price of  ₹35.86 apiece. 
    • Dronetech companyideaForge’s board approved a proposal to raise up to ₹500 Crvia preferential allotment, private placement or a QIP. The company did not disclose when or at what price the securities would be issued. 
    • The Open Network for Digital Commerce (ONDC) raised ₹220 Cr from four strategic investors, including Uber, Zoho, Paytm and BSE.
    • Kyro Capital launched a SEBI-registered Category II alternative investment fund (AIF) with a target corpus of ₹100 Crto back growth-stage companies preparing for public listings. 

    The post From FirstClub To Innefu— Indian Startups Raised $187 Mn This Week appeared first on Inc42 Media.

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