This week in Indian startups: 1 June 2026 to 7 June 2026
By Abha Lohia
The five stories that mattered, then every other round of the week.
The five that mattered
- Spiro raises USD 215M to expand electric mobility and battery-swapping infrastructure across Africa
Spiro is Africa's largest electric mobility company, operating over 100,000 electric motorcycles and 2,500 battery-swapping stations across seven African…
- Ola Electric raises ₹780 crore via QIP
Ola Electric makes electric scooters, motorcycles, and energy storage products
- Scapia raises $63 million in Series C funding round
Scapia offers travel-focused financial products including dual-network credit cards and rewards
- Zepto files updated draft IPO papers to raise ₹8,010 crore
Zepto operates a quick commerce platform delivering groceries and everyday essentials to urban consumers in minutes
- Prism gets SEBI nod for ₹6,650 crore IPO
Prism is a global hospitality platform that rebranded from OYO in 2025
Every other round
- Rovia raises $1m pre-seed to help employees manage stock compensation Rovia: Global wealth platform for equity-rich professionals
- MediElaj raises $100K pre-seed from friends and family MediElaj: AI-powered healthcare app and kiosk More on MediElaj
- Anveshan raises ₹150 crore Series B led by Vertex Anveshan: Clean-label food brand selling D2C More on Anveshan
- Agilitas gets minority stake from Rainmatter Agilitas: Indian sportswear startup
- PhysicsWallah infuses ₹120 Cr into NBFC arm FinZ PhysicsWallah: Edtech platform for exam preparation More on PhysicsWallah
- KorinMi raises ₹10 crore from Lotus Herbals fund KorinMi: Korean beauty clinic chain More on KorinMi
- Zouk raises Rs 60 crore in pre-series C round Zouk: D2C fashion accessories brand More on Zouk
- ONDC raises Rs 220 Cr from Zoho, Uber, Paytm, BSE Tech ONDC: Open digital commerce network More on ONDC
- ProLearn raises ₹30 crore pre-seed from BEENEXT ProLearn: AI-native learning platform for students More on ProLearn
- Aquapulse raises ₹45 crore to expand tech-led shrimp farming network Aquapulse: aquaculture tech and seafood export platform More on Aquapulse
- Beautywise raises ₹6 crore in extended round Beautywise: Science-led skincare supplements More on Beautywise
- Phab raises $4M in pre-Series A round Phab: High-protein snack brand
- IdeaForge approves ₹500 crore fundraise plan ideaForge: Drone maker for defence and enterprise More on ideaForge
- Propsoch raises $2M seed funding Propsoch: Homebuyer advisory platform More on Propsoch
- Zuvees raises fresh ₹15 crore from IvyCap in Series A Zuvees: Cross-border gifting platform More on Zuvees
- FirstClub raises $55M Series B for premium quick commerce FirstClub: Premium quick commerce for groceries More on FirstClub
- TrueFan AI raises $10 million in Series A funding round TrueFan AI: Generative AI video platform for enterprises More on TrueFan AI
- kAIgentic raises $10 million from SMBC Group kAIgentic: Enterprise AI deployment infrastructure More on kAIgentic
- WeRize raises $7M in pre-Series C round WeRize: Fintech platform for small-city India More on WeRize
- The Sweet Change raises ₹1.7 crore pre-seed round The Sweet Change: Monk fruit sweetener brand More on The Sweet Change
- Innefu Labs raises $30M Series B from Panthera Growth Partners Innefu Labs: Data analytics and information security solutions More on Innefu Labs
- Aadyah Aerospace raises ₹31.5 crore in Series A Aadyah Aerospace: Space and defence mission-critical systems More on Aadyah Aerospace
- Lumiq raises ₹50 crore in Series B led by Bajaj Finserv Ventures with Info Edge Lumiq: AI and data analytics platform for BFSI More on Lumiq
- Nazara raised ₹474 Cr through a preferential issue of warrants Nazara Technologies: gaming company More on Nazara Technologies