Indian startups raised over $350 million from June 23 to June 28, 2025; Raphe mPhibr tops the list

Between June 23 and June 28, 2025, as many as 27 Indian startups from diverse sectors raised over $161 million in funding from investors. These sectors include D2C, Electric Mobility, B2B, Food, Fintech, Medtech, HRTech, EV, Defence Tech, and Biotech.

Advertisment

Last week, Indian startups raised over $161 million, with Fintech startup Aspora raising $53 million alone.

High-value deals

A diverse range of sectors attractedinvestmentsduring the week, with Defence tech sector leading the pack.

Between June 23 and June 28, 2025, as many as 27 Indian startups from diverse sectors raised over $161 million in funding from investors. These sectors include D2C, Electric Mobility, B2B, Food, Fintech, Medtech, HRTech, EV, Defence Tech, and Biotech.

Advertisment

Last week, Indian startups raised over $161 million, with Fintech startup Aspora raising $53 million alone.

High-value deals

A diverse range of sectors attractedinvestmentsduring the week, with Defence tech sector leading the pack. Leading this sector was Raphe mPhibr, which raised $100 million. Jewellery brand GIVA raised $62 million in funding. 

The list was followed Internet services firm Wiom, EV maker EKA Mobility, and EV startup Battery Smart, which collectively raised $84.4 million.

Wiom raised $40 million, EKA Mobility raised $23.4 million, and Battery Smart raised $21 million.

Emerging startups

Kids’ drinkware and foodware-focused D2C brand Rabitat raised $4.67 million in a Series A round, Electric Mobility startup Kazam raised $6.2 million in a Series B round, Biotech startup Utopia Therapeutics raised $1.5 million in a Seed round, E-commerce enabler GoKwik raised $13 million, B2B textile startup Fantail Fantail raised $1.6 million in a Seed round, Deeptech startup Fabheads raised $10 million, and Shark Tank India-featured ice popsicle brand Skippi raised $1.4 million in a pre-Series A round.

Electric Mobility startup Evera Cabs raised $4 million, Fintech startup Pazy raised $700,000 in a pre-Seed round, IndiaBonds raised $3.8 million, Edtech startup Kruu raised $110,000 in a bridge round, Medtech startup Innovodigm raised $650,000, HRtech startup Jobizo raised $1.4 million in a Series A round, AI surveillance and security solutions provider Brihaspati Technologies raised $10 million, and Villa rental platform StayVista raised $4.67 million in a Series B round.

Commercial interior design startup Flipspaces raised $5.85 million, AI startup ShopOS raised $20 million, Trading startup Sahi raised $10.5 million, Quick fashion delivery startup ZILO raised $4.5 million in a Seed round.

Meanwhile, Supply chain startup Prozo, All Home, and Truliv kept the funding figures under wraps.

Mergers & Acquisitions

The period also witnessed strategic mergers and acquisitions. Incuspaze acquired co-working firm Trios, Walko Food Company acquired Meemee’s Ice Creams, Zen Technologies acquired a majority stake in TISA Aerospace, and Kamath brothers acquired a Rs 250 crore stake in InCred Holdings