Here's your daily funding and key business news roundup for June 1, 2026: Indian startups saw a broad and active funding day to open the month, with clean-label food brand Anveshan closing a Rs 150 crore Series B and EV maker Simple Energy raising Rs 250 crore ahead of its IPO plans. On the business front, UPI crossed 23 billion monthly transactions for the first time in May, Coinbase relaunched in India with direct INR trading, and Titan Capital launched its Future Indicorns programme to back AI-first startups across the country.
Daily Indian Startup Funding Digest – 1st June 2026
| Startup | Sector | Funding | Round | Lead Investor |
|---|---|---|---|---|
| Anveshan | Clean-Label Food / D2C | Rs 150 Cr (~$16 Mn) | Series B | Vertex Ventures SE Asia & India |
| Simple Energy | Electric Vehicles | Rs 250 Cr | Debt + Equity | Arokiaswamy Velumani Family Office |
| Rovia | Wealthtech | $1 Mn | Pre-Seed | Antler India |
| KorinMi | Skincare / Beauty | Rs 10 Cr | Early Stage | Lotus Herbals Innovation Fund |
| MediElaj | Healthtech | ~$100K | Pre-Seed | Friends and Family |
Anveshan Raises Rs 150 Crore in Series B Round
Clean-label food brand Anveshan has raised Rs 150 crore in a Series B round led by Vertex Ventures Southeast Asia and India, with participation from IFC, Swiggy co-founder Sri Harsha Majety, Wipro Consumer Care Ventures, Titan Capital Winners Fund, and boAt co-founders Aman Gupta and Sameer Mehta. Founded in 2020, the company sells A2 bilona ghee, cold-pressed oils, raw honey, atta, and other minimally processed products. Anveshan is currently running at an ARR of Rs 280-300 crore and is targeting Rs 1,000 crore in revenue over the next 24-30 months.
Simple Energy Raises Rs 250 Crore in Debt and Equity Round
Bengaluru-based EV startup Simple Energy has raised Rs 250 crore through a mix of debt and equity, led by the family office of Thyrocare founder Arokiaswamy Velumani. Debt of Rs 123 crore came from HDFC Bank, Capitar Ventures, and other NBFCs. Founded in 2019 by Suhas Rajkumar and Shreshth Mishra, the company makes high-performance electric scooters with a range of up to 248 km per charge. Simple Energy plans to scale manufacturing from 3,000 to 15,000 scooters per month by March next year and is targeting an IPO in the second half of FY28, aiming to raise around Rs 3,000 crore.
Rovia Raises $1 Million in Pre-Seed Round
Bengaluru-based wealthtech startup Rovia has raised $1 million in a pre-seed round led by Antler India, with participation from CDM Capital, AC Ventures, Operators Studio, and angel investors. Co-founded in 2025 by Shivang Badaya and Arnav Grover, Rovia helps international tech employees manage, diversify, and reinvest their RSUs and equity compensation across borders. Since beta launch, the platform has grown AUM 100% month-on-month and is currently tracking over $60 million in RSU assets from employees at more than 300 companies.
KorinMi Raises Rs 10 Crore from Lotus Herbals Innovation Fund
Gurugram-based skin clinic KorinMi has raised Rs 10 crore from the Lotus Herbals Innovation Fund, which has a corpus of $50 million for early-stage beauty and wellness investments. Co-founded in 2024 by Reshbha Munjal and Jenovia Daun Jung, KorinMi blends Korean skin science with clinical treatments tailored for Indian skin. The company launched its first clinic in October 2024 and has served over 3,000 clients. Funds will be deployed to open new clinics in Mumbai, Bengaluru, and Hyderabad.
MediElaj Raises ~$100K in Pre-Seed Round
Gurugram-based healthtech startup MediElaj has raised approximately $100K from friends and family, alongside $500K in bootstrapped investment from its founders. Co-founded in 2023 by Debjit Patra and Umesh Khatri, MediElaj develops AI-powered diagnostic kiosks and a healthcare app designed to bring early diagnosis and preventive care to underserved communities across Tier 2, Tier 3, and rural India. The funds will go toward kiosk prototyping, product development, and pilot deployments.
Key Business News for June 1st, 2026
UPI Crosses 23 Billion Monthly Transactions for the First Time in May
UPI recorded 23.2 billion transactions worth Rs 29.90 lakh crore in May 2026, crossing the 23 billion mark for the first time, according to NPCI data. On a daily basis, the platform processed nearly 748 million transactions. Month-on-month, volume rose 3.8%, and value grew 3.4% from April’s 22.35 billion transactions. PhonePe held around 46.2% of total UPI volume in April, followed by Google Pay at 33% and Paytm at 8%. Smaller players recently met NPCI to discuss measures for a more level playing field, though no regulatory changes have been announced yet.
Coinbase Re-Enters India with Direct INR Trading
Global crypto exchange Coinbase has relaunched its platform in India, enabling users to deposit and withdraw funds directly via bank accounts through IMPS and access spot trading across major crypto assets. The company also introduced perpetual futures contracts and institutional-grade tools, including APIs, WebSocket streaming, and TradingView integration. Coinbase had exited India in 2023 due to regulatory pressure and secured its FIU licence in March 2025. It has also invested in CoinDCX and is awaiting CCI approval for a minority stake acquisition. India's crypto market is projected to grow from $3 billion in 2025 to $14 billion by 2034.
View this post on Instagram
A post shared by StartupTalky (@startup_talky)
Tractor Junction Announces Rs 3 Crore ESOP Buyback
Tractor marketplace startup Tractor Junction has announced its second ESOP liquidity programme, buying back stocks worth Rs 3 crore from 80 eligible employees. The buyback follows the company's Rs 200 crore Series A raised in November 2025, led by Astanor. Tractor Junction reported FY26 revenue of Rs 198.4 crore, a 62% year-on-year increase, and is targeting Rs 400 crore in FY27. Founded in 2018, the startup operates CoCo stores across 85 cities and has a fintech arm, FINJ, active in 17 states.
Scripbox Acquires Bluechip Capital's Mutual Fund Distribution Business
Digital wealth management platform Scripbox has acquired the mutual fund distribution business of Delhi-NCR-based Bluechip Capital, founded and led by Ravi Kohli for over 33 years. Bluechip Capital’s clients and employees will transition to Scripbox, gaining access to its research capabilities and digital wealth management offerings. The deal is part of Scripbox’s broader strategy to acquire and integrate independent wealth management firms ahead of a planned IPO. The company is valued at around Rs 1,150 crore and turned profitable in FY25 with a profit of Rs 12.7 crore.
Titan Capital Launches Future Indicorns Initiative for AI Startups
Early-stage VC firm Titan Capital has launched Future Indicorns, a programme to identify and back AI startups solving large-scale problems in India. The initiative targets founders building in healthcare, manufacturing, energy, real estate, governance, and data infrastructure, among other sectors. Titan Capital has invited applications across 10 broad themes, with the window open until June 15, 2026. The launch follows the firm's earlier Indicorns initiative from September 2024, which spotlighted profitable Indian startups generating over Rs 100 crore in revenue.
StartupTalky- Business News, Insights and StoriesMuskaan Kapoor
Original Article
(Disclaimer – This post is auto-fetched from publicly available RSS feeds. Original source: Startuptalky. All rights belong to the respective publisher.)
