The Indian startup ecosystem bounced back in the first week of June, signaling renewed investor confidence after a sluggish end to May. According to disclosed data, startups raised a total of $134.4 million across 16 deals between June 2 and June 7, a sharp 45% increase from the previous week’s $92.9 million across 15 deals.
This uptick was fueled by major funding rounds in the ecommerce and fintech sectors, which together contributed the lion’s share of the week’s capital inflow. The momentum suggests a cautiously optimistic mood among investors as high-performing startups continue to attract sizable investments.
Ecommerce Rules the Roost: Udaan and Snitch Shine
Ecommerce reigned supreme this week, clocking $90.7 million across eight deals. Two startups, in particular, drew significant attention:
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Udaan, the B2B ecommerce giant, wrapped up its long-drawn Series G round, adding $39 million this week. Combined with the earlier $75 million raised in February, the total now stands at $114 million. Udaan’s consistent traction is a vote of confidence in India’s B2B retail digitisation story.
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Snitch, a D2C menswear brand, bagged $40 million in Series B funding led by 360One Asset, with participation from IvyCap Ventures, SWC Global, and Ravi Modi Family Office. This is a landmark moment for India’s fashion-tech space and a signal that investors are warming up to scalable D2C ventures again.
Other ecommerce players that secured funding include Plush ($4.7 Mn), True Diamond ($3 Mn), Naagin ($2.1 Mn), Gully Labs ($1 Mn), and Biglilpeople and Khari Foods, each raising under $0.5 Mn.
Fintech Keeps Its Foot on the Pedal
Fintech was the second most funded sector, with five startups raising a combined $39.8 million. Notable deals include:
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Stable Money, an investment-tech platform, secured $20 million in Series B funding from Fundamentum Partnership, Aditya Birla Ventures, and others. This indicates growing investor appetite for fintechs that simplify financial planning for Indian consumers.
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LoanTap, a digital lending platform, raised $8.6 million in a Pre-Series C round from July Ventures and others.
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GyanDhan, catering to education loans, brought in $5.8 million in Series A from Classplus and Pravega Ventures.
Fintech SaaS startups also made headlines: Decentro raised $3.5 million in Series B, and Spense, a B2B fintech platform, raised $1.9 million in pre-seed funding.
Early-Stage Activity Gathers Steam
A noticeable trend this week was the rise in seed-stage funding. Seven startups raised $7.7 million, more than double the $3.2 million raised at the seed stage the week prior. Among them:
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Biopeak, a fitness and wellness healthtech startup, raised $3.5 million in seed funding led by Prashanth Prakash and the Kamath brothers.
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The Tarzan Way, a travel tech startup, raised $233K, reflecting niche investor interest in tourism and experience-based tech.
Investor Spotlight: 360One Asset Emerges as Power Player
360One Asset stood out as the most active investor this week, leading Snitch’s $40 Mn Series B and Naagin’s $2.1 Mn round. Their aggressive bets in the ecommerce sector highlight growing confidence in India’s consumer-facing brands.
IPO Buzz and Fund Updates Add to Excitement
It wasn’t just funding rounds making headlines—multiple IPO developments and new fund announcements further brightened the startup outlook:
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Lenskart and Moneyview have both converted into public entities in preparation for their respective $1 Bn and $400 Mn IPOs.
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Capillary Technologies received board approval to raise INR 2,250 Cr via public listing.
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Aequs, a contract manufacturing player, pre-filed its IPO to raise $200 Mn.
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Meanwhile, HealthKois announced a $300 Mn healthcare-focused fund, and Caret Capital marked the first close of its second VC fund at INR 160 Cr.
Conclusion: A Promising June Kickoff
The first week of June signals a promising turnaround in startup funding trends. With big-ticket ecommerce deals, growing fintech traction, and renewed IPO activity, the Indian startup ecosystem is showing signs of strength and resilience. If the current momentum sustains, June could set the tone for a revival in funding optimism across sectors.
