Daily Indian Funding Roundup – June 09, 2025

StartupTalky News

09 Jun 2025 — 2 min read

Daily Indian Funding Roundup – June 09, 2025

Today’s funding rounds reflect a balance between growth-stage bets in core sectors like defence, mobility, and fintech, and early-stage innovation in lifestyle tech. While valuations face pressure, strategic capital continues to flow into startups building strong technological foundations.

📊 Funding Roundup – 09 June 2025

Startup	Funding	Lead Investor(s)	Use of Funds / Notes
Cred	$72 M / ₹617 Cr	GIC’s Lathe Investment, RTP Global, Sofina, QED	Down‑round; valuation now ~$3.5 B; core fintech focus
Sanlayan Technologies	₹186 Cr (~$22 M)	Ashish Kacholia, Lashit Sanghvi, Jungle Ventures	Scale defence‑tech R&D and hiring; radar, EW, avionics solutions
Vecmocon Technologies	$18 M (~₹153 Cr)	Ecosystem Integrity Fund (EIF), Blume, Aavishkaar, BII	Enhance EV tech, embedded systems; global expansion
Rapido	₹125 Cr (~$15 M)	Nexus Venture Partners	Expand into food delivery and insurance services
Roomstory.ai	₹3 Cr (~$0.36 M)	Rukam Sitara Fund, Aakash Anand, Wolfpack Labs	Pre‑seed round to develop AI‑based interiors shopping platform

CRED

Fintech unicorn CRED has raised $72 million (₹617 crore) in a down‑round led by GIC’s Lathe Investment, with additional support from RTP Global, Sofina Ventures, and QED Innovation Labs (Kunal Shah’s family office).
This puts its valuation at approximately $3.5 billion, almost a 45% decline from its peak, yet it signals enduring investor confidence in its core payments business.

Sanlayan Technologies

Bangalore‑based defence electronics startup Sanlayan has secured ₹186 crore (~$22 million) in a Series A round led by industrial heavyweights Ashish Kacholia, Lashit Sanghvi, and Jungle Ventures, along with Gemba Capital, Singularity, and newcomer Shastra VC. Co‑founded by ex‑Zetwerk engineers, the company focuses on radar, electronic warfare, and avionics systems — the fresh capital will boost R&D and scale up hiring of technical and defence‑domain talent.

Vecmocon Technologies

Deep‑tech startup Vecmocon, headquartered in Delhi NCR and incubated at IIT‑Delhi, has raised $18 million (~₹153 crore) in Series A funding. The round was led by Ecosystem Integrity Fund, with participation from Blume Ventures, Aavishkaar Capital, BII, and existing backers. The funds will support the development of its electric‑vehicle stack, including battery‑management systems, vehicle‑intelligence modules, and AI‑analytics, and support global expansion.

Rapido

Urban mobility player Rapido is set to raise ₹125 crore (~$15 million) in its Series E round via the issuing of ~23,872 preference shares to Nexus Venture Partners at ₹52,467 each. The funding will support its foray into food delivery and insurance services — the app processed 4 million rides in one day recently, and aims to undercut commissions charged by Zomato and Swiggy.

Roomstory.ai

Interior‑tech start‑up Roomstory.ai has raised a ₹3 crore (~$360k) pre‑seed round led by Rukam Sitara Fund, with participation from Aakash Anand (Bella Vita) and Wolfpack Labs. Co‑founded by Ekatva Jain, Sahil Lunia, and Punit Jain, Roomstory.ai offers users AI‑powered interior decor inspiration with integrated e‑commerce links — “bridging the gap between browsing and buying”.