Daily Indian Funding Roundup – 16 June 2025
Here’s your daily roundup of funding activity and key business developments from India on 16 June 2025. From fresh capital raises to leadership changes and major acquisitions, here’s everything you need to know today.
🚀 Indian Funding Digest – 16 June 2025
| Startup/Entity | Sector | Round | Amount Raised | Lead Investors |
|---|---|---|---|---|
| Nuvie | Food & Beverage | Pre-seed | $450 K (~₹3.8 Cr) | PedalStart, angel investors |
| Aspora | Fintech (NRI focus) | Series B | $53 Mn | Sequoia, Greylock, Quantum Light, others |
| Atomic Capital | VC Fund | Fund launch | ₹350 Cr | JIIF, other angel investors |
| Hero FinCorp | NBFC | Pre-IPO | ₹260 Cr | ChrysCapital, Credit Suisse, others |
Nuvie Raises $450 K for Better-For-You Food Products
Bengaluru-based F&B startup Nuvie, co-founded in 2024 by former Cult.fit executives Prashant Paliwal and Hem Narayan, has raised $450k in its pre-seed round. The startup is focused on "better-for-you" snacks and beverages and plans to use the funds for product development, brand building, and scaling content and distribution.
The round was led by PedalStart and backed by several prominent angels, including Mukesh Bansal, Ayyappan Rajagopal, Chanakya Gupta, and Arun Sharma.
StartupTalky News
Aspora Raises $53 Mn to Scale NRI-Focused Banking Services
Fintech startup Aspora, formerly known as Vance, has raised $53 million in a Series B round. Founded by Parth Garg, Aspora provides digital banking and remittance services tailored to the global Indian diaspora, serving over 250,000 users.
The round was co-led by Sequoia Capital and Greylock, with participation from Quantum Light, Goodwater Capital, Hummingbird Ventures, Y Combinator, and others. The funds will be used to expand services in the US, Canada, Australia, and the Middle East.
Atomic Capital Launches INR 350 Cr Consumer-Focused VC Fund
Mumbai-based Atomic Capital has launched a new INR 350 crore venture capital fund to invest in early- and growth-stage consumer startups. The fund is aimed at wellness, lifestyle, regional brands, and digital-first companies.
The initial close included INR 26.5 crore from the JITO Incubation and Innovation Foundation (JIIF) angel network. The fund follows an "Operating VC" model, offering hands-on support in branding, hiring, and growth marketing.
Hero FinCorp Raises INR 260 Cr in Pre-IPO Round
Non-Banking Financial Company Hero FinCorp has raised INR 260 crore in a pre-IPO round, reducing the size of its planned fresh issue from INR 2,100 crore to INR 1,840 crore. The company has allotted 18.57 lakh shares at INR 1,400 each as part of this raise.
Backed by the Hero Group, Hero FinCorp’s total IPO size is now estimated at INR 3,408 crore, including an offer-for-sale component.
Key Business Updates - 16 June 2025
Meta India Appoints Arun Srinivas as MD
Meta Platforms has appointed Arun Srinivas as the Managing Director and Head for Meta in India, effective 1 July 2025. Srinivas, who previously led the Ads business in India, will continue reporting to Sandhya Devanathan, who heads Meta’s India and Southeast Asia operations.
Gaurav Jain Resigns as CBO of ShareChat & Moj
Gaurav Jain, Chief Business Officer at ShareChat and Moj, has announced his resignation. He joined the company in 2022 and played a pivotal role in shaping its monetisation and brand partnerships. Jain plans to pursue new opportunities but will stay on for a transition period.
WhatsApp to Roll Out Ads in ‘Updates’ Tab
Meta has confirmed that ads will soon appear on WhatsApp in the ‘Updates’ tab, which includes Status and Channels. Private messages will remain ad-free and encrypted. The rollout will also feature paid promotional tools for businesses and creators.
InCred Money to Acquire Stocko for INR 300 Crore
InCred Money is acquiring investment discovery platform Stocko in a deal valued at INR 300 crore. Post-acquisition, the brand will be rebranded as InCred Stocko. The acquisition strengthens InCred’s position in retail investing and stock trading.
Meesho Gets NCLT Nod to Reverse-Flip to India
The National Company Law Tribunal (NCLT) has approved Meesho’s plan to shift its domicile back to India from the US. This reverse-flip move is seen as a step toward its anticipated IPO. However, the company may face a $280–300 million tax liability as part of the restructuring.
Apoorva Bajj
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