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

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]

Date	Name	Sector	Subsector	Business Model	Funding Round Size	Funding Round Type	Investors	Lead Investor
4 Jun 2026	FirstClub	Consumer Services	Quick Commerce	B2C	$55 Mn	Series B	Peak XV Partners, Sofina, Accel, RTP Global, Paramark Ventures	Peak XV Partners, Sofina
5 Jun 2026	Innefu	Enterprise Tech	Horizontal SaaS	B2B	$30 Mn	Series B	Panthera Growth Partners	Panthera Growth Partners
1 Jun 2026	Simple Energy	Cleantech	Electric Vehicles	B2C	$26.3 Mn**	Series B	Dr. Arokiaswamy Velumani Family Office, Suhas Rajkumar (Simple Energy), Ankit Gupta (Simple Energy)	Dr. Arokiaswamy Velumani Family Office
3 Jun 2026	Aglitias Sports	Ecommerce	D2C	B2C	$23.5 Mn	–	Nexus Venture Partners, Rainmatter	Nexus Venture Partners
1 Jun 2026	Anveshan	Ecommerce	D2C	B2C	$15.8 Mn	Series B	Vertex 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 2026	TrueFan AI	AI	Application Layer	B2B	$10 Mn	Series A	Baring Private Equity Partners India, Z3Partners, Indian Angel Network, 3Lines Venture Capital	Baring Private Equity Partners India, Z3Partners
4 Jun 2026	WeRize	Fintech	–	B2C	$7 Mn	Pre-Series C	Sony Innovation Fund, 3one4 Capital	Sony Innovation Fund
3 Jun 2026	Phab	Ecommerce	D2C	B2C	$4 Mn	Pre-Series A	OTP Ventures, Chona Family Office	OTP Ventures, Chona Family Office
2 Jun 2026	ProLearn	Edtech	Digital Learning Platform	B2C	$3.2 Mn	Pre-Seed	BEENEXT, Eximius Ventures, Antler India	BEENEXT
3 Jun 2026	Fraganote	Ecommerce	D2C	B2C	$3 Mn	Series A	V3 Ventures, Rukam Capital	V3 Ventures
2 Jun 2026	Aquapulse	Agritech	Farmtech	B2B	$2.1 Mn*	Series A	Indian Angel Network	Indian Angel Network
3 Jun 2026	Propsoch	Real Estate Tech	Property Listing & Discovery	B2C	$2 Mn	Seed	Athera Venture Partners, Sparrow Capital, Vakil Group	Athera Venture Partners, Sparrow Capital, Vakil Group
3 Jun 2026	Zuvees	Ecommerce	D2C	B2C	$1.6 Mn*	Series A	IvyCap Ventures	IvyCap Ventures
4 Jun 2026	VoltSeal	Cleantech	Electric Vehicle	B2B	$1.5 Mn	Pre-Seed	Theia Ventures, Rainmatter, Momentum Capital, Social Alpha	Theia Ventures
1 Jun 2026	Rovia	Fintech	Wealthtech	B2C	$1 Mn	Pre-Seed	Antler India, CDM Capital, AC Ventures, Operators Studio	Antler India
1 Jun 2026	KorinMi	Ecommerce	D2C	B2C	$1 Mn	Seed	Lotus Herbals Innovation Fund	Lotus Herbals Innovation Fund
4 Jun 2026	The Sweet Change	Ecommerce	D2C	B2C	$187K	Pre-Seed	Rebalance	Rebalance
5 Jun 2026	Estro Tech Robotics	Advanced Hardware & Technology	Robotics	B2B	$105K	Seed	Genrobotics	Genrobotics
1 Jun 2026	MediElaj	Healthtech	Diagnostics	B2C	$100K	–	–	–
1 Jun 2026	InterCosmos	Advanced Hardware & Technology	Spacetech	B2B	–	–	a99 VC	a99 VC
2 Jun 2026	Rosada	Ecommerce	D2C	B2C	–	–	Shilpa Shetty Kundra	Shilpa Shetty Kundra
	Source: Inc42 *Mix of equity and debt **Part of larger round

Key Startup Funding Highlights Of The Week

• 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 maker Ola Electric completed its QIP,  raising ₹780.24 Cr by issuing 21.75 Cr equity shares at an issue price of  ₹35.86 apiece. 
• Dronetech company ideaForge’s board approved a proposal to raise up to ₹500 Cr via 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 Cr to 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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