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.

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

High-value deals

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.

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

High-value deals

A diverse range of sectors attracted investments during 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