Here’s your quick roundup of India’s top startup funding deals and key business developments from 19 June 2025. From major capital raises to regulatory approvals and strategic investments, here’s what’s shaping the ecosystem today.
🚀 Indian Startup Funding Digest – 19 June 2025
| Company | Sector | Funding Raised | Lead Investor(s) |
|---|---|---|---|
| Mahaveer Finance | NBFC (Vehicle Loans) | ₹200 crore | Elevation Capital, BanyanTree Finance, First Bridge Capital |
| One Hand Clap Media | Creative Agency | Undisclosed | Nikhil Kamath |
| Okinawa | Electric Vehicles | ₹60 crore | Dhruv Khush Business Ventures |
Mahaveer Finance Raises INR 200 Crore in Series C Round
Chennai-based NBFC Mahaveer Finance has secured INR 200 crore in Series C funding led by Elevation Capital. The round also saw participation from BanyanTree Finance and First Bridge Capital. Mahaveer, known for financing used commercial vehicles for underserved entrepreneurs, has expanded its loan book significantly from INR 50 crore in 2016 to over INR 1,000 crore as of mid-2025. The fresh funds will strengthen its credit infrastructure, branch network, and governance capabilities.
Nikhil Kamath Invests in One Hand Clap Media
Zerodha co-founder Nikhil Kamath has invested an undisclosed amount in Mumbai-based creative agency One Hand Clap Media. The agency was founded by Aakash Shah and Naveed Manakkodan, both formerly associated with comedy collective All India Bakchod (AIB). One Hand Clap has created campaigns for top-tier clients like Netflix India, Swiggy, Prime Video, CRED, and Ather. Kamath’s backing is expected to boost the agency’s storytelling scale and production capabilities.
Okinawa Secures INR 60 Crore in Fresh Funding
Electric two-wheeler manufacturer Okinawa has received a capital infusion of INR 60 crore from Dhruv Khush Business Ventures. The funding comes as the company navigates financial strain following issues related to the government’s FAME-II subsidy programme, which required a significant repayment. Okinawa had earlier been asked to return around INR 116 crore due to non-compliance. This round is expected to help the EV player stabilise its operations and address urgent financial challenges. Despite being a once-prominent player in India’s EV market, Okinawa is currently working to restore trust and rebuild momentum.
📰 Key News Highlights – 19 June 2025
Capillary Technologies Files DRHP for INR 430 Crore IPO
Capillary Technologies, a Bengaluru-based SaaS firm specialising in customer loyalty and engagement platforms, has filed its Draft Red Herring Prospectus (DRHP) with SEBI. The proposed IPO includes a fresh issue of equity worth INR 430 crore and an offer-for-sale of approximately 1.83 crore shares by existing shareholders. The proceeds will fund cloud infrastructure, R&D, and potential acquisitions. JM Financial, IIFL Capital, and Nomura are the lead managers.
Honasa Consumer Grants ESOPs Worth INR 1.6 Crore
Honasa Consumer, the parent company of Mamaearth, has granted 53,322 employee stock options under its 2018 ESOP plan. At current NSE trading prices (~INR 305), the total value of these options is estimated at INR 1.6 crore.
Amazon India to Invest INR 2,000 Crore in Operations & Infrastructure
Amazon India has announced it will invest $233 million (over INR 2,000 crore) in 2025 to expand and upgrade its fulfilment network. The investment aims to launch new facilities, enhance delivery speed and safety, implement tech solutions for monitoring delivery, and support employee wellness programmes—including rest hubs, financial education and health camps. This forms part of Amazon’s broader $26 billion commitment to India by 2030.
Starlink Receives Licence to Operate in India
India’s Department of Telecommunications has granted operating rights to Starlink, Elon Musk’s satellite-internet venture from SpaceX. Communications Minister Jyotiraditya Scindia confirmed the approval following a meeting with SpaceX COO Gwynne Shotwell. Starlink now joins Eutelsat OneWeb and Jio Satellite Comms in India, with future steps including securing spectrum and space regulator clearances. This decision marks a major step for rural connectivity, though affordability and regulatory alignment remain key next challenges
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