Here is your daily Indian Funding Roundup for Friday, 13 June 2025. While funding activity was limited today, a few notable investments and developments stood out.
🚀 Indian Startup Funding Digest – 13 June 2025
| Startup | Round & Amount | Lead Investor(s) | Valuation / Use of Funds |
|---|---|---|---|
| Groww | Series F, $200 mn | GIC, ICONIQ Capital | $7 bn post-money, to build tech & prep IPO |
| Pehle Jaisa | Pre‑Series A, $300 k | Pantnagar Capital, Climate Angels | Scale rural waste-to-fertiliser model |
| Spinny | Series F, $30 mn | WestBridge Capital | Boost used‑car marketplace |
Funding Highlights
Groww – Series F, $200 million
Fintech behemoth Groww has raised $200 million in a Series F round from global investors GIC and ICONIQ Capital, which values the company at approximately $7 billion.
This comes amidst financial success: FY25 net profit surged threefold to INR 1,819 crore on revenues of INR 4,056 crore, a 31% increase. Groww recently filed a confidential DRHP with SEBI and aims to raise $700–1,000 million via its upcoming IPO.
Pehle Jaisa – Pre‑Series A, $300k
Gurugram-based agritech startup Pehle Jaisa has secured $300k in a pre-Series A round co-led by Pantnagar Capital and Climate Angels.
Co-founded in 2022, it transforms rural organic waste into affordable fertilisers through decentralised village-level units.
Spinny – Series F, $30 million
Unicorn car‑commerce platform Spinny received $30 million from WestBridge Capital in a further tranche of its Series F round. This investment follows earlier WestBridge participation of $35–40 million in the same round, bringing the total raise to $170 million. Spinny remains valued at $1.5–1.7 billion, growing its footprint in used-car retail across India.
Additional Key News
- Lenskart's IPO valuation increased to $6.1 billion, following a mark‑up by Fidelity.
- Bike‑taxi ban persists in Karnataka, affecting Ola, Uber and Rapido services.
- Nazara Tech acquired UK-based Curve Digital Entertainment for INR 247 crore.
- PhonePe sold a 5 % stake in MapMyIndia, fetching INR 486 crore.
- BRND.ME (formerly Mensa Brands) has sold India Lifestyle Network (ILN)—the parent company of MensXP, iDiva, and Hypp—to Kolkata-based RPSG Group in an all-cash deal worth around $9 million, as first reported by Inc42. This marks a sharp drop from the $60 million valuation at which Mensa had acquired ILN in December 2022.
Final Thoughts
Today’s funding activity highlights steady investor confidence across sectors like fintech, mobility, and sustainability. From large capital raises to early-stage growth, startups continue to attract attention and drive innovation in key areas of the economy.
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