Daily Indian Funding Roundup & Key News - June 24, 2026: Bodycraft Raises Rs 120 Cr, Flipkart Minutes Hits 1,000 Stores

Here's your daily funding and key business news roundup for June 24, 2026: Tuesday brought a busy mix of deals and corporate moves, with beauty and wellness chain Bodycraft closing a Rs 120 crore Series A from Singularity AMC and AI marketing platform JustAI raising $17 million in a Base10-led round.

On the business front, MoEngage made a strategic acquisition of AI startup Aampe, Mamaearth parent Honasa Consumer acquired a majority stake in nutraceuticals company Fluence Pharma for Rs 135 crore, and Flipkart Minutes crossed 1,000 stores across 130 cities.

Daily Indian Startup Funding Digest - 24 June 2026

Bodycraft Raises Rs 120 Crore in Series A from Singularity AMC

Bengaluru-based beauty and wellness chain Bodycraft has raised Rs 120 crore in a Series A led by Singularity AMC. This is the company's first major fundraise in nearly nine years, having last raised Rs 18 crore in 2017. Founded in 1997 by Manjul Gupta, Bodycraft runs 67 outlets across 33 clinics and 34 salons in 10+ cities, operating through COCO and FOFO models.

Funds will expand its footprint by 30 new locations, invest in clinical technology, AI-led efficiencies, and customer experience. India's clinical aesthetics market is projected to grow from $2 billion in 2024 to over $7 billion by 2033.

JustAI Raises $17 Million in Series A Led by Base10

AI marketing platform JustAI has raised over $17 million in a Series A led by Base10, with participation from Y Combinator, Peak XV Partners, and strategic investors including growth leaders from Anthropic and Chime, the CTO of HubSpot, and founders of Eppo and Vapi. Founded by Neha Mittal and Jeff Hara, the platform automates marketing personalisation using reinforcement learning models and agentic AI decisioning.

It claims to support 600+ marketing decisions delegated to AI monthly and helped generate over $100 million in customer revenue last year. Clients include Coursera, ClickUp, and Better. Proceeds will expand engineering, go-to-market, and e-commerce capabilities.

SaffronStays Raises $3.5 Million Led by Infinity Ventures

Managed holiday-home platform SaffronStays has raised $3.5 million in a round led by Infinity Ventures, with family office participation, including a partial secondary sale by existing investor Sixth Sense Ventures. Founded in 2015 by Tejas Parulekar and Devendra Parulekar, the company manages over 450 properties across 80+ destinations and has remained profitable for four consecutive years.

Direct bookings contribute nearly 70% of revenue. Inventory grew 70% in North India, 90% in South India, and 200% in Goa over the last two financial years. Funds will expand into new destinations and strengthen technology.

QOSMIC Raises $3.3 Million in Seed Round from Accel, Prosus, and South Park Commons

Bengaluru-based spacetech startup QOSMIC has raised $3.3 million in a seed round from Prosus, Accel, and South Park Commons. The company is building optical communication infrastructure to solve the growing challenge of transmitting large volumes of satellite data from low-Earth orbit back to Earth.

Proceeds will expand manufacturing, integration, and testing capabilities, and grow engineering teams across optics, electronics, and mechanical systems.

Ikin Global Raises $2 Million in Pre-Series A2 Round

IoT smart lock startup Ikin Global has raised $2 million in a pre-Series A2 round led by Unicorn India Ventures, Callapina Capital, and AWE Funds. Founded in 2012 by Nibu Alias, the company develops IoT-enabled smart locks for supply chain and logistics companies, with clients including Amazon, Swiggy, Flipkart, Zepto, and Blue Dart.

Over the past year, deployments grew from 2,500 to 10,000 trucks with over 5 million successful lock/unlock cycles. Ikin also launched two new products: iBS Pro (reusable smart bolt seal) and Smart GPS Truck Lock (iTSS). Funds will support international expansion into the US, Europe, and West Asia.

Key Business News for 24 June 2026

MoEngage Acquires AI Startup Aampe to Deepen Agentic Personalisation

Customer engagement platform MoEngage has acquired San Francisco-based AI startup Aampe for an undisclosed amount. Founded in 2020, Aampe builds AI infrastructure that assigns an autonomous agent to each user, enabling personalised decisions on content, timing, channel, and messaging frequency. Backed by Peak XV and Z47 with $27 million raised in lifetime funding, Aampe processes over 200 billion decisions weekly across clients like Grab and Swiggy.

MoEngage will integrate Aampe's reinforcement learning and agentic decisioning into its platform. Aampe's three co-founders will join MoEngage to lead its agentic decisioning initiatives. The acquisition follows MoEngage's $280 million Series F close in late 2025.

Honasa Consumer Acquires 58% Stake in Fluence Pharma for Rs 135 Crore

Mamaearth parent Honasa Consumer has approved a majority stake acquisition in nutraceuticals company Fluence Pharma for Rs 135 crore, with plans to buy out the remaining 42% in two tranches over the next 5 to 7 years. Honasa will also set up a new wholly-owned subsidiary, Honasa Health, to build its nutraceuticals vertical end-to-end.

Founded in 2012, Fluence Pharma sells condition-specific OTC supplement kits based on its patented Cyclical Nutrition Therapy, through a network of over 3,000 dermatologists and trichologists. The acquisition supports Honasa's Honasa 3.0 strategy targeting Rs 5,500 crore in FY31 revenue. Honasa posted Rs 200.2 crore in net profit in FY26, up 175% year-on-year.

Flipkart Minutes Crosses 1,000 Stores Across 130 Cities

Flipkart's quick commerce arm Flipkart Minutes has scaled to 1,000 fulfilment stores across 130 cities, growing approximately five times over the past year, and is opening around 100 stores per month. The company is targeting 1,500 stores across 180+ cities in the coming months. Around 90 of the 130 cities it currently serves are Tier 2 and Tier 3 markets, where average order values are higher than metros.

Each store spans 3,000 to 5,000 square feet, with larger stores stocking up to 20,000 SKUs across grocery, personal care, mobiles, and electronics. The expansion puts Flipkart Minutes up against Blinkit (2,243 stores), Instamart (1,143), and Zepto (1,139) as the quick commerce battle intensifies.

Daily Indian Funding Roundup & Key News - June 23, 2026: Square Yards Enters Unicorn Club With $95 Mn Round, Tata Electronics Confirms Data Breach

Here’s your daily Indian funding and key business news roundup for June 23, 2026. Square Yards crossed a billion-dollar valuation, Tata Electronics confirmed a ransomware breach, and more.

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