Indian startups cumulatively raised $426 Mn across 19 deals between June 15 and June 19, marking a significant jump from the $243 Mn secured across 25 deals last week.
The week was headlined by Sarvam's $234 Mn Series B fundraise, the largest single deal of the week and one of the biggest rounds ever raised by an Indian AI startup, pushing the sector to the top of the funding charts.
Funding Galore: Indian Startup Funding Of The Week [Jun 15 - Jun 19]
| Date | Name | Sector | Subsector | Business Model | Funding Round Size | Funding Round Type | Investors | Lead Investor |
| 15 Jun 2026 | Sarvam | AI | Foundation Model/ LLM | B2C, B2B | $234 Mn* | Series B | HCLTech, Bessemer Venture Partners, Khosla Ventures, Peak XV Partners | HCLTech |
| 16 Jun 2026 | SolarSquare | Clean Tech | Climate Tech | B2B | $53 Mn | Series C | Lightspeed, Lowercarbon Capital, Rainmatter, Good Capital | Lightspeed |
| 18 Jun 2026 | Vetic | Health Tech | In-Clinic Healthcare | B2C | $40 Mn | - | Bessemer Venture Partners, Greenoaks Capital, Lachy Groom, JSW Family Office | Bessemer Venture Partners |
| 16 Jun 2026 | TruNativ | Ecommerce | D2C | B2C | $30 Mn** | Series B | OrbiMed, 100Unicorns, Rainmatter, Venture Catalysts | OrbiMed |
| 17 Jun 2026 | Pramaana Labs | AI | Aplication Layer | B2B | $27 Mn | Seed | Khosla Ventures, Accel, BoldCap, Nexus Venture Partners, Premji Invest, Unbound | Khosla Ventures |
| 18 Jun 2026 | Rusk Media | Media & Entertainment | Digital Media | B2B | $10.6 Mn | Pre-Series C | Nazara Technologies, InfoEdge Ventures, IvyCap Ventures, Audacity VC | Nazara Technologies |
| 13 Jun 2026 | Zumutor Biologics*** | Health Tech | Lifescience | B2B | $7.3 Mn | Series B | Accel, Bharat Innovation Fund, Premji Invest, Ashish Kacholia (Lucky Investment), Raj Dandu (Dandu Group) | Accel, Bharat Innovation Fund |
| 18 Jun 2026 | Karo Sambhav | Clean Tech | Climate Tech | B2B | $5.9 Mn | Pre-Series A | Rainmatter | Rainmatter |
| 15 Jun 2026 | Foodstories | Foodtech | - | B2C | $5.2 Mn | Series B | Nikhil Kamath (Zerodha) | Nikhil Kamath (Zerodha) |
| 16 Jun 2026 | CREST | Fintech | Investment Tech | B2C | $3.1 Mn | Pre-Seed | Atrium Ventures, BEENEXT, DeVC, Sparrow, Shastra VC, Warmup Ventures, 91ventures, Amit Ranjan (SlideShare), Chirag Taneja (GoKwik), Revant Bhate (Mosaic Wellness), Shantanu Deshpande (Bombay Shaving Company) | Atrium Ventures, BEENEXT, DeVC, Sparrow, Shastra VC, Warmup Ventures, 91ventures |
| 16 Jun 2026 | ContraVault | AI | Aplication Layer | B2B | $3.1 Mn | Pre-Series A | Chiratae Ventures, Titan Capital | Chiratae Ventures |
| 15 Jun 2026 | AutoVRse | Advanced Hardware & Technology | AR/VR | B2B | $2.4 Mn | - | Singularity AMC, Lumikai | Singularity AMC, Lumikai |
| 16 Jun 2026 | Omli Kids | Edtech | Digital Learning Platform | B2C | $1.5 Mn | Seed | IndiaQuotient, General Catalyst | IndiaQuotient |
| 16 Jun 2026 | Speedioo | Ecommerce | Recommerce | B2C | $1.1 Mn | Seed | Atomic Capital | Atomic Capital |
| 16 Jun 2026 | Gimi Michi | Ecommerce | D2C | B2C | $1 Mn | Seed | IndiaQuotient, DeVC, Titan Capital, IIMA Ventures | IndiaQuotient |
| 17 Jun 2026 | Xtovia | Ecommerce | D2C | B2C | $731K | Pre-Seed | V3 Ventures, Consumer Collective | V3 Ventures |
| 16 Jun 2026 | TrackerSuite | Enterprisetech | Horizontal SaaS | B2B | $635K | Pre-Series A | Pontaq.VC, Shubhan Ventures, Candle Advisors | - |
| 18 Jun 2026 | Tringbox | AI | Aplication Layer | B2B | $530K | Seed | Nikhil Gandhi (GIPL), MGB Family Office, Narendra Singh Yadav (Paytm) | Nikhil Gandhi (GIPL) |
| 17 Jun 2026 | INFLUISH | Media & Entertainment | Creator Economy | B2B | - | Pre-Seed | Pankaj Vermani (Clovia), Jeetendra Tewani (Angel), Sachin Harneja (Angel) | - |
Source: Inc42
*Part of larger round
**Mix of primary and secondary transactions
***Included this week as it was skipped last week
Key Startup Funding Highlights Of The Week
- On the back of Sarvam closing its $234 Mn round, AI emerged as the most funded sector this week. In total, five startups in the segment raised more than $265 Mn during the week.
- Cleantech took the second spot on the funding charts this week, with SolarSquare's $53 Mn Series C round and Karo Sambhav's $5.9 Mn Pre-Series A together drawing $58.9 Mn into the segment.
- Seed-stage funding tumbled to $7.8 Mn across five deals this week as against $22.3 Mn across five deals last week.
- Khosla Ventures and Rainmatter emerged as the most active investors this week, backing three startups each. Bessemer Venture Partners also backed two startups during the week.
Startup IPO Updates This Week
- Jio Platforms filed its draft red herring prospectus (DRHP) with SEBI for its IPO, which will comprise solely of a fresh issue of 27 Cr shares. Of the fresh proceeds, the digital giant plans to use ₹27,500 Cr to prepay outstanding borrowings of its arm Reliance Jio Infocomm Ltd., with the remainder allocated for general corporate purposes.
- Ecommerce unicorn BRND.ME (erstwhile Mensa Brands) converted from a private to a public limited entity, changing its legal name to Mensa Brand Technologies Limited. The startup is now targeting a stock market debut within the next 18 months.
Startup Fund Updates This Week
- Healthcare-focused VC firm HealthQuad marked the first close of its ₹1,700 Cr Fund III at ₹550 Cr. The fund will look to back 13 to 15 healthtech startups across AI-driven healthcare, digital therapeutics, ambulatory care, SaaS and point-of-care devices.
Startup M&As This Week
- Global cosmetics giant L'Oreal signed an agreement to acquire a majority stake in beauty and personal care startup Innovist for an undisclosed amount. Previous reports estimated that the deal would peg the startup at $350 Mn to $450 Mn. As part of the agreement, Innovist's founding team will continue to operate the business as minority stakeholders in collaboration with L'Oreal India.
Other Developments Of The Week
- Tech giant Meta is in discussions to invest in or acquire fintech unicorn CRED at a valuation of around $4 Bn.
- World Bank's private lending arm IFC committed $371 Mn in Sify Technologies' subsidiary to develop two AI-ready data centres in Navi Mumbai and Chennai, with a combined capacity of 103 MW. The financial package includes a direct loan of $71 Mn and $300 Mn in additional debt mobilisation support.
- Fintech SaaS company Veefin Solutions' board approved plans to migrate its stock from the BSE SME platform to the BSE main board. It also received the board nod for a simultaneous listing on the NSE.