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From GPS Renewables To Equal AI — Indian Startups Raised $243 Mn This Week
Samira Vishwas | June 13, 2026 4:24 PM CST

SUMMARY

Advanced hardware & technology saw the highest number of deals materialise at five this week, raising a total of $42.3 Mn

With GPS Renewables closing its Series C round at $66.4 Mn, cleantech emerged as the most funded startup sector this week. In total, two startups in the segment raised $87.5 Mn this week

Seed stage funding skyrocketed to $22.3 Mn across five deals this week, marking a multifold jump from $3.1 Mn raised last week

Investments in the Indian startup ecosystem continued to pick up momentum in the second week of June. Twenty five startups raised $242.6 Mn between June 8 and June 12, marking a near 30% uptick from $187.4 Mn raised across 21 deals last week.

The top six startups on this week’s funding scoreboard raised more than ₹100 Cr ($10 Mn) each in new investments, indicating an improvement in investor appetite for innovations in the homegrown new-age tech ecosystem.

Funding Galore: Indian Startup Funding Of The Week (Jun 8- Jun 12)

Date Name Sector Subsector Business Model Funding Round Size Funding Round Type Investors Lead Investor
8 Jun 2026 GPS Renewables Cleantech Climate Tech B2B $66.4 Mn Series C Sojitz Corporation, PixelSky Capital, Spectrum Impact Family office Sojitz Corporation
12 Jun 2026 Equal AI AI Application Layer B2B, B2C $30 Mn Series B Prosus Ventures, Tomales Bay Capital, Think Investments, Valiant Fund, Sameer Nigam (PhonePe), Zubin Bharti Mittal (Airtel Family Office), Anshu Sharma (Skyflow AI), Sandhya Devanathan (Meta), Sridhar Pinnapureddy (CtrlS Datacenters) Prosus Ventures, Tomales Bay Capital
11 Jun 2026 Ethereal Machines Advanced Hardware & Technology – B2B $28.5 Mn Series B Avataar Ventures, Peak XV Partners Avatar Ventures
10 Jun 2026 MyGate Real Estate Tech Real Estate Services B2B $23.6 Mn – Dharana Capital Dharana Capital
10 Jun 2026 Exponent Energy Cleantech Electric Vehicles B2C $21.1 Mn – 360 ONE Asset, TDK Ventures, Hitachi Ventures, Lightspeed, Eight Roads Ventures, 3one4 Capital, AdvantEdge VC 360 ONE Asset, TDK Ventures
8 Jun 2026 Immuneel Theraputics Healthtech Lifesciences B2B $10.5 Mn Series B Singularity AMC, Rainmatter, Kiran Mazumdar-Shaw, Eight Roads Ventures, F-Prime Capital Singularity AMC, Rainmatter
12 Jun 2026 Sell ​​Marine Advanced Hardware & Technology Maritime Tech B2B $9.7 Mn Seed Accel, NKSquared, Sameer Brij Verma (Angel), Sandeep Singhal (Angel), Industrial47, Singularity AMC Accel, NKSquared
11 Jun 2026 Manam Chocolate Foodtech Bakery B2C $9 Mn Series A Omnivore, Turner Morrison consortium Omnivore, Turner Morrison consortium
10 Jun 2026 Rivvun AI AI Application Layer B2B $7.5 Mn Seed Sitara Capital, 3one4 Capital Sitara Capital, 3one4 Capital
9 Jun 2026 BazaarNow Consumer Services Quick Commerce B2C $7.5 Mn – Peak XV Partners, Whiteboard Capital and Antler, Vidit Aatrey (Meesho), Karthik Gurumurthy (Ex-Swiggy), Prashant Sachan (AppsForBharat & Sri Mandir), Nitin Saluja (Chaayos). Peak XV Partners
9 Jun 2026 Celebal Technologies Enterprise Tech Horizontal SaaS B2B $5.2 Mn Debt BlackSoil Capital BlackSoil Capital
10 Jun 2026 Save Health Healthtech In-Clinic Healthcare B2C $5 Mn – Surge (Peak XV), W Health Ventures, Ashish Gupta (MFV Partners), Abhishek Goyal (Tracxn), Bijou Kurien (Retail Association of India) Peak XV’s Surge, W Health Ventures
11 Jun 2026 4baseCare Healthtech Lifesciences B2C $4 Mn* Series B growX Ventures growX Ventures
10 Jun 2026 Uni Seoul Ecommerce D2C B2C $3.6 Mn Series A Riverwalk Holdings, Sauce.vc, Panthera Peak Ventures Riverwalk Holdings, Sauce.vc
9 Jun 2026 The Wedding Company Consumer Services Matrimony B2C $2.8 Mn Seed Wellingdon Advisors LLP, LVX, Tremis Capital, Synergy Capital Partner, Vivek Mathur (ex-Elevation Capital), Rahul Garg (ex-Premji Invest) Wellingdon Advisors LLP
10 Jun 2026 HyperNorm AI AI Application Layer B2C $2.2 Mn Seed Capital 2B, SenseAI Ventures, Boundless Ventures, iOPEX Technologies, Amit Sheth (Angel), Bhavin Manek (Angel) –
8 Jun 2026 Clear Robotics Advanced Hardware & Technology Maritime Tech B2B $1.8 Mn Pre-Series A ShipsFocus Ventures, Katapult Ocean, SGInnovate, M7 Holdings, MSG Ventures –
11 Jun 2026 Dream Aerospace Advanced Hardware & Technology Spacetech B2B $1.2 Mn Pre-Series A 247VC, Campus Angels Network, Chandigarh Angels Network 247VC, Campus Angels Network (CAN)
9 Jun 2026 Integra Robotics Advanced Hardware & Technology Defence Tech B2B $1.1 Mn Pre-Series A Finvolve, India Accerelator, GrowthCap Venture Fund Finvolve
12 Jun 2026 Travel Travel Tech Booking Services B2C $1 Mn – India Accelerator, Finvolve, Haldiram Family Office, Rohit Qamra (Angel), RMRN Ventures, BP Jain Holdings, Bipin Preet Singh (MobiKwik), Aakash Goyal (Metro Buildtech), Aakash Anand (Bella Vita), Aditya Singh (All In Capital) India Accelerator, Finvolve, Haldiram Family Office, Rohit Qamra (Angel)
11 Jun 2026 Biodimension Healthtech Lifesciences B2B $841K – Indian Angel Network, Campus Angels Network, Sampath Srisailam (Angel) Indian Angel Network
11 Jun 2026 Dartle Enterprise Services – B2C $100K Seed Inflection Point Ventures Inflection Point Ventures
12 Jun 2026 Fittr Consumer Services B2C – – Rohit Sharma (Cricketer) Rohit Sharma (Cricketer)
10 Jun 2026 Fold Fintech Investment Tech B2C – – Rainmatter Rainmatter
11 Jun 2026 QubeHealth-Pay Fintech Lending Tech B2C – Series A Unicorn India Ventures, IA Growth Opportunities Fund, Brew Opportunities Fund, Finvolve Ventures, FirstPort Capital, Maithan Family Office –
Source: Inc42
* Part of a larger round

Key Startup Funding Highlights Of The Week

  • With GPS Renewables closing its Series C round at $66.4 Mn, cleantech emerged as the most funded startup sector this week. In total, two startups in the segment raised $87.5 Mn this week.
  • Advanced hardware & technology saw the highest number of deals materialise at five this week, raising a total of $42.3 Mn.
  • Peak XV Partners and Finvolve emerged as the most active investors this week, backing three startups each. Rainmatter and 3one4 Capital also backed two startups apiece.
  • Seed stage funding skyrocketed to $22.3 Mn across five deals this week, marking a multifold jump from $3.1 Mn raised last week.

Startup IPO Updates This Week

  • Quick commerce giant Zepto filed its updated DRHP with SEBI for its IPO, which will comprise a fresh issue of shares worth ₹8,010 Cr. Investors like Nexus Venture Partners, Razor Capital and Contrary Capital will also sell 11.35 Cr shares via the OFS.
  • Edtech startup Classroom is planning to launch its IPO on the BSE SME platform in the second quarter (July to September) of FY27. This follows the platform receiving in-principle nod from the BSE to go ahead with its listing.
  • NSE-listed cloud service provider E2E Network debuted on BSE’s Mainboard exchange after securing the necessary approvals from the exchanges.

Startup Fund Updates This Week

  • Former Mirae Asset Venture Investments CEO Ashish Dave has floated his own venture capital firm Sanskrit Capital to back growth-stage startups. The investment firm is eyeing a target corpus of ₹700 Cr to ₹1,000 Cr
  • Early-stage VC firm AUM Ventures also launched its second fund, India Innovation Fund II, with a target corpus of ₹750 Cr ($80 Mn). It will back 25-30 startups operating in deeptech sectors like spacetech, semiconductors, AI, and defence tech.

Startup M&As This Week

  • Managed and coworking space provider Incuspaze acquired Hyderabad-based iKeva in an undisclosed financial deal to improve operational efficiency, strengthen technology capabilities, bolster revenues and standardise services across locations.
  • Ecommerce giant Meesho plans to acquire B2B commerce startup Kirana Club in an all-cash deal worth ₹202.08 Cr. The listed unicorn expects the transaction to be completed in three tranches by March, 2027.

Other Developments Of  The Week

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