Daily Indian Funding Roundup & Key News - 10 June 2026: Mygate Bags ₹225 Cr, Exponent Nets ₹200 Cr, Meta-Reliance To Build Jamnagar Data Centre
PropTech, electric vehicles and healthcare drew the bulk of capital today, with five rounds across the spectrum. Mygate led the day, securing ₹225 crore from Dharana Capital, followed by EV charging startup Exponent Energy's ₹200 crore Series B2. Early-stage activity continued, with Hoola Health, HyperNorm AI and Bucketlistt also raising. In key news, Meta tied up with Reliance to build its first India data centre in Jamnagar, while the Centre's clearances for Starlink came under the spotlight.
Daily Indian Startup Funding Digest - 10 June 2026
| Startup | Sector | Funding | Round | Lead Investors |
|---|---|---|---|---|
| Mygate | PropTech | ₹225 Cr (~$26 Mn) | Growth | Dharana Capital |
| Exponent Energy | Electric Vehicles | ₹200 Cr (~$21.1 Mn) | Series B2 | 360 ONE Asset, TDK Ventures |
| Hoola Health | HealthTech | ~₹42 Cr ($5 Mn) | Funding Round | Peak XV's Surge |
| HyperNorm AI | WealthTech | ~₹18 Cr ($2.2 Mn) | Seed | Capital 2B, SenseAI Ventures |
| Bucketlistt | Travel & Tourism | ₹1.07 Cr (~$0.13 Mn) | Pre-Seed | Angel investors |
Mygate Raises ₹225 Crore Growth Funding
Bengaluru-based Mygate is a community management and security startup founded by Abhishek Kumar, Shreyans Daga, Vijay Arisetty and Rohit Jindal. Its platform lets resident welfare associations and residents manage visitor access, finances, amenities and communications. The company claims to serve over 27,000 residential communities and 5.7 million households across India.
Mygate has secured ₹225 crore (around $26 million) from Dharana Capital, which has picked up a 12-14% stake through a mix of primary infusion and secondary share sales. It is the startup's first major round in more than three years, after it raised $56 million in a Series B in October 2019. Mygate's operating revenue grew 80% to ₹173.5 crore in FY25, while net loss narrowed 61% to ₹15.4 crore.
The fresh capital will be used to expand its footprint across gated communities, strengthen its integrated platform and enhance product and technology capabilities. The company is targeting expansion to 10 million homes over the coming years.
Exponent Energy Raises ₹200 Crore Series B2
Bengaluru-based Exponent Energy is an EV rapid-charging startup founded in 2020 by Arun Vinayak and Sanjay Byalal. It develops proprietary battery packs and charging infrastructure that let commercial EVs achieve a full charge in 15 minutes using standard lithium-ion cells. Its offerings span 'e^packs', 'e^pumps' and 'e^plugs'.
The startup has raised ₹200 crore (~$21.1 million) in a Series B2 round co-led by 360 ONE Asset and TDK Ventures, with Hitachi Ventures making its first investment in an Indian company. Existing backers Lightspeed, Eight Roads Ventures, 3one4 Capital and AdvantEdge VC also participated. Exponent has now raised a total of $65.7 million, with its last round of ₹220 crore coming in December 2023.
The capital will be used to accelerate research and development, expand the platform into new vehicle categories and enter new geographies. The round follows a leadership transition, with cofounder Jagannath exiting last month to move into an advisory role.
Hoola Health Raises $5 Million Led By Peak XV's Surge
Bengaluru-based Hoola Health, formerly known as BabyMD, is a paediatric healthcare startup founded in 2024 by Deeksha Senguttuvan. It operates child-focused clinics offering paediatric consultations, vaccinations, diagnostics, developmental therapies and specialist care, combined with digital tools for vaccination records and growth tracking. It currently runs five clinics and has served more than 20,000 families.
The startup has raised $5 million (~₹42 crore) in a round led by Peak XV's Surge, with participation from existing investor W Health Ventures and angels including Ashish Gupta, Abhishek Goyal and Bijou Kurien. Nearly 35% of its revenue comes from developmental therapies.
The capital will be used to expand into new markets, strengthen technology capabilities and scale its integrated paediatric care model. The company plans to open 30 more clinics across Bengaluru, Hyderabad and Delhi NCR over the next two years, alongside its rebrand from BabyMD to Hoola Health.
HyperNorm AI Raises $2.2 Million Seed Funding
HyperNorm AI is an AI-powered wealth management startup founded in 2024 by Keyur Faldu and Peeyush Jain. It is building a decision intelligence platform for wealth advisors and registered investment advisors, helping them monitor large volumes of client portfolios and identify which need attention. The company serves paying clients across the US, Singapore and India.
HyperNorm AI has raised $2.2 million (~₹18 crore) in a seed round co-led by Capital 2B and SenseAI Ventures. Boundless Ventures, iOPEX Technologies and angels including Amit Sheth and Bhavin Manek also participated.
The fresh capital will be used to accelerate product development, expand across the US and other international markets, and strengthen its engineering and AI research teams.
Bucketlistt Raises ₹1.07 Crore Pre-Seed Funding
Bucketlistt is a curated experiences marketplace founded in 2025 by chartered accountants Shubham Makhecha, Nitant Desai and Divyam Shah. It offers verified adventure, cultural and spiritual experiences across India, and currently operates in Rishikesh with activities such as skydiving, rafting and camping. The startup has also launched OkGhumo, an ERP and CRM platform for experience operators.
The company has raised ₹1.07 crore in a pre-seed angel round at a post-money valuation of ₹10.07 crore. The round saw participation from angel investors Arvind Choudhar, Aenik Shah, Kartik Khatri and Yash Mehta.
The fresh capital will be used to strengthen technology infrastructure, expand the operator network, accelerate customer acquisition and hire talent. Bucketlistt plans to expand to Manali, Bir, Jaipur, Goa and Ujjain.
Muskaan Kapoor
Key Business News for 10 June 2026
Meta Partners Reliance For First India Data Centre In Jamnagar
Meta has tied up with Reliance Industries to set up its first AI-enabled data centre in India, in Gujarat's Jamnagar. The facility will have an initial capacity of 168 MW, with an option to scale, and is expected to become operational within two years. It will be constructed by RIL and leased to Meta, powered by sustainable energy and cooled with desalinated seawater. Meta also said it has contracted nearly 1 GW of new clean energy in India through agreements with CleanMax and Fourth Partner Energy.
Centre Reportedly Withholds Starlink Clearances Over Security Concerns
The home ministry has reportedly withheld final clearances to Elon Musk-led satcom operator Starlink over security concerns, after reports that its terminals were in use in Iran amid the ongoing conflict. Indian authorities have sought clarity on how Starlink would comply with security mandates during conflicts. Starlink dismissed the report as 'misleading', with business operations VP Lauren Dreyer saying it remains in active discussions with the government. The scrutiny is reported to extend to the broader satcom sector amid the West Asia tensions.
Zoho Launches In-House Server 'Nathu La' To Cut AI Inference Costs
Enterprise SaaS major Zoho has unveiled Nathu La, an in-house designed server platform aimed at lowering AI inference costs and boosting technology sovereignty. The hardware promises 20-30% lower total cost of ownership and up to 18% lower power consumption. Developed over five years and built around Intel Xeon 6 processors, it was manufactured with Indian electronic manufacturing partners. Zoho has deployed a few hundred units so far, with 1,000 in production and a target of 2,000 by year-end.
IvyCap, Accel & 360 ONE Offload BlueStone Shares Worth ₹243 Crore
Investors IvyCap Ventures, Accel and 360 ONE offloaded 46.4 lakh shares of omnichannel jewellery brand BlueStone via open-market transactions for ₹242.8 crore. IvyCap sold the biggest chunk at ₹136.7 crore, while 360 ONE and Accel offloaded ₹55.1 crore and ₹51 crore respectively, with Nippon India Mutual Fund picking up 25 lakh shares. The block deals come as investors book profits amid a rally in BlueStone shares. The company posted a net profit of ₹31.2 crore in Q4 FY26, against a loss a year earlier, with operating revenue up 48% to ₹681.5 crore.
