Funding and acquisitions in Indian startups this week [June 29 - July 04]

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This week, 25 Indian startups raised nearly $137 million across 5 growth-stage and 19 early-stage deals, while a startup kept its funding undisclosed. The week also witnessed four acquisitions, three key leadership appointments, 2 fund launches, and the shutdown of a platform.
In contrast, 20 startups had collectively secured about $1.1 billion in the previous week.
[Growth-stage deals]
Growth-stage startups raised a total of $68.1 million across five deals this week, led by lab-grown diamond jewellery brand Limelight Diamonds, which secured Rs 275 crore in a strategic funding round led by the Bhathwari Group.
Managed workspace provider Incuspaze raised Rs 150 crore (around $15.6 million) from Bharat Value Fund, while agentic AI platform Kapture CX secured $10 million in a pre-Series B round led by Bajaj Finserv Ventures.
At-home elder care startup Age Care Labs raised Rs 85 crore (around $9 million) from Rainmatter, Pegasus Finvest, the Shrem Group, and several family offices. Meanwhile, fresh produce supply chain startup Ninjacart closed a $6 million funding round after a gap of 4.5 years.
[Early-stage deals]
Early-stage startups raised $68.92 million across 19 deals this week, led by toxin-free cookware brand The Indus Valley, which secured $17 million in a funding round led by Gaja Capital with participation from DSG Consumer Partners.
Among the other notable deals, battery recycling startup BatX Energies raised Rs 105 crore (around $11 million) in a Series A round led by IvyCap Ventures. Independent asset servicing firm Dovetail Capital secured Rs 100 crore in a mix of primary and secondary funding led by Elev8 Venture Partners, while enterprise tech startup Data Science Wizards (DSW) raised $5 million in a pre-Series A round from angel investors.
Other startups that attracted funding this week included Supply6, BCT Ventures, MyKare.ai, Spense, and PlayBlue, along with 10 other early-stage startups.
Eyewear brand Rawbare also raised funding from Teamology to accelerate its Next phase of growth
[City and segment-wise deals]
Bengaluru continued to lead the funding charts with 12 startup deals during the week, followed by Mumbai and Delhi-NCR with 7 deals and 4 deals respectively. Chennai and Hyderabad bagged a deal each.
Segment-wise, AI startups and e-commerce startups led the week with 6 deals each followed by fintech with 3 deals respectively. Healthtech, proptech, battery tech, agetech, agritech and others also recorded funding activity during the period.
[Series-wise deals]
Seed rounds led the week with 9 deals, followed by Series A and pre-seed rounds, which recorded 6 deals and 4 deals respectively. Series B, pre-Series A, pre-Series B, and Series D rounds also witnessed activity during the week.
[Week-on-week funding trend]
On a weekly basis, startup funding declined 87% to $137 million, compared to around $1.1 billion raised during the previous week.
The average funding over the last eight weeks stands at around $325 million, with an average of 20 deals per week.
[Key hirings]
Bengaluru-based credit card management platform CheQ has elevated Bipin Toro and Vished Banger as co-founders. Flipkart has appointed Vinay Vaidya as Senior Vice President of Technology for Supply Chain, while Info Edge has named Himanshu Agarwal as its Chief Financial Officer.
[Mergers & Acquisitions]
The week also witnessed four acquisitions. Private equity firm Ananta Capital acquired a majority stake in D2C personal care brand Phitku in a deal worth around Rs 100 crore. AI-powered property management platform Crib App acquired rent financing startup CirclePe, while supply chain financing platform Mynd Fintech, a subsidiary of M1xchange, acquired fintech firm C2FO India. Meanwhile, Noon acquired Bengaluru-based AI engineering startup FinalRun, with its co-founders joining the company as Members of Technical Staff.
[Fund Launches]
Early-stage, sector-agnostic venture capital firm Sparrow Capital announced the final close of its third fund at Rs 475 crore. The firm plans to invest in 25–30 startups over the next three years with initial cheque sizes of $1–2 million and has already made five investments.
Climate venture builder and VC firm 100x100 has launched its second fund with a target corpus of $100 million to build and scale 50 climate-focused startups across Southeast Asia and India. The fund will back ventures addressing emissions challenges across sectors such as energy, food, materials, and supply chains.
[Shutdown]
Dream Sports, the parent company of Dream11, has shut down its wealth management platform Dream Money, less than a year after launching it as part of its diversification beyond online gaming.
[New launches and partnerships]
▪️ Razorpay partners with NPCI Bharat BillPay to launch netbanking solution
▪️ Netradyne partners with GeoSecure to strengthen AI-powered fleet safety in Australia
▪️ HiWiPay gets IFSCA approval to set up payment service provider in GIFT City
▪️Zeta Cofounder Bhavin Turakhia Launches AI Startup Neo with $30 Million Personal Investment
[News flash this week]
▪️ After WhatsApp, Govt sends notices to Telegram and Signal over username feature
▪️ Swara Baby Products files Rs 1,000 Cr IPO papers; FirstCry parent to sell Rs 300 Cr shares
▪️ UPI clocks 22.72 Bn transactions worth Rs 28.92 lakh Cr in June
▪️ TVS widens lead in June as EV two-wheeler registrations rise 12%
▪️ Indian startups raise $7.4 Bn in H1 2026 as CRED-Meta deal lifts funding: Entrackr Report
▪️ Fibe files DRHP to raise Rs 750 Cr through fresh issue
▪️ OYO parent PRISM files UDRHP to raise Rs 6,650 Cr via fresh issue only
▪️ Liqvd Digital files DRHP for Rs 37 Cr SME IPO
[Summary]
On a weekly basis, startup funding declined 87% to $137 million, compared to around $1.1 billion raised during the previous week.
The Centre has expanded its scrutiny of messaging apps by issuing notices to Telegram and Signal over their username features, a day after asking WhatsApp to pause the rollout of a similar feature. The government has sought details on safeguards against fraud, phishing, and impersonation, amid concerns that username-based messaging could enable cybercrime
Brainbees Solutions-owned Swara Baby Products has filed its DRHP with SEBI for an IPO comprising a fresh issue of shares worth Rs 500 crore and an offer for sale (OFS) of Rs 500 crore by existing shareholders, including FirstCry (Rs 300 crore) and promoter entity Anadya Bon Merchari LLP (Rs 200 crore).
Digital lending platform Fibe has filed its DRHP with SEBI for an IPO comprising a fresh issue of shares worth Rs 750 crore and an offer for sale (OFS) of up to 4 crore equity shares. TPG (The Rise Fund) will be the largest selling shareholder, followed by Norwest Capital, Eight Roads Ventures, Chiratae Ventures, Piramal Finance, TR Capital, Sabre Investment Consultants, and Galaxystar Ground.
India's electric two-wheeler market maintained its growth momentum in June, with registrations rising 12.2% month-on-month to 1.93 lakh units. TVS Motor retained the top spot with 46,999 registrations and a 24.29% market share, widening its lead over Bajaj Auto, while Hero MotoCorp recorded the fastest growth among the top five manufacturers.
UPI processed 22.72 billion transactions worth Rs 28.92 lakh crore in June 2026, maintaining monthly volumes above the 22 billion mark. The latest figures follow May's record performance, when the payments network crossed the 23 billion monthly transaction milestone for the first time.
Cross-border payments platform HiWiPay has received in-principle approval from IFSCA to set up a wholly owned payment service provider (PSP) in GIFT IFSC. The company plans to offer regulated cross-border payment solutions, including international collections, global payouts, FX treasury management, and escrow-based transaction services after receiving final regulatory approval.
Creative-first marketing agency Liqvd Digital India has filed its DRHP for an SME IPO, comprising a fresh issue of shares worth Rs 37 crore along with an offer for sale (OFS) by certain promoter shareholders. The company plans to use the listing to support its growth strategy and investments in AI, automation, and digital platforms.

document fetched 2026-07-04 08:32