Daily Indian Startup Funding Roundup & Key News – 24 June 2025: Fantail, Skippi, GoKwik Raise Capital; Google & Meta Make India Moves
India’s startup funding on 24 June 2025 saw key activity across textiles, FMCG, logistics, deep-tech, ecommerce, and EV mobility. Notable deals include Fantail, Skippi, Prozo (backed by Rohit Sharma), Fabheads, GoKwik, and Evera Cabs—highlighting continued investor confidence across diverse sectors.
From textile innovation to e-commerce tech and EV mobility, Indian startups attracted fresh capital across diverse sectors today. Here’s a quick roundup of the key startup fundings in India on 24th June 2025.
Daily Indian Startup Funding Digest - 24 June 2025
| Startup | Amount Raised | Round Type | Lead / Key Investors | Use of Funds |
|---|---|---|---|---|
| Fantail | ₹13.75 Cr (≈ $1.6 M) | Seed | Riverwalk Holdings, Incubate Fund Asia, All In Capital | Enhance manufacturing capacity, tech, talent, SME support |
| Skippi | ₹12 Cr (~$1.4 M) | Extended Pre‑Series A | Dubai-based family offices of Surya, angels | Brand building, R&D, leadership hiring, Middle East expansion |
| Prozo | Not disclosed | Strategic investment | Rohit Sharma (cricketer) | Technology, warehouse expansion |
| Fabheads | $10 M | Series A | Accel (with Trifecta Capital) | Scale composite manufacturing tech, expand team/operations |
| GoKwik | $13 M | Growth | RTP Global (lead), Z47, Peak XV Partners, Think Investments | Global expansion, AI‑first R&D |
| Evera Cabs | $4 M | Hybrid debt / CD | Mufin Green Finance | Expand EV fleet, acquire BluSmart assets, airport focus |
1. Fantail
Surat‑based B2B man‑made fabric startup, founded in 2023 by Ramya Iyer, Fantail has raised INR 13.75 crore ($1.6 million) in a seed round led by Riverwalk Holdings, Incubate Fund Asia and All In Capital. The funds will develop upstream capacity, backend upgrades, and design/quality/technical hires to structure Surat’s INR 300,000 crore MMF textile ecosystem.
2. Skippi
Hyderabad‑based ice pops brand Skippi, which appeared on Shark Tank India, has secured INR 12 crore ($1.4 million) in an extended pre‑Series A led by Dubai’s Surya family offices (INR 10 crore) and angel investors (INR 2 crore). Facilitated by Bestvantage Investments, the round aims to support brand building, product innovation, senior hires, and Middle East expansion with a target INR 100 crore valuation.
3. Prozo
Logistics tech platform Prozo, founded in 2016 by Dr Ashvini Jakhar, has received a strategic investment from Indian cricket captain Rohit Sharma. Prozo supports more than 150 fast‑growing and enterprise brands with its full‑stack supply chain services. Sharma’s move underscores the rising synergy between sports and supply‑chain technology. Prozo has raised a total of $20 million to date.
Shubham Kumar
4. Fabheads
Chennai‑based deep‑tech startup Fabheads, founded by ex‑ISRO engineers, has closed a $10 million Series A led by Accel, with support from Trifecta Capital (including $2.3 million in venture debt). The company specialises in automated composite manufacturing for aerospace, automotive and renewables. Funds will scale production, expand engineering and R&D teams, and potentially enter Bengaluru and global markets.
5. GoKwik
New Delhi‑headquartered GoKwik, an e-commerce enabler founded in 2020 by Chirag Taneja, Vivek Bajpai and Ankush Talwar, has raised $13 million in a growth round led by RTP Global, with participation from Z47, Peak XV Partners and Think Investments. The funding (taking total funding to $68 million) will support international expansion and AI‑driven commerce R&D. GoKwik serves over 10,000 brands and 130 million shoppers.
6. Evera Cabs
Delhi‑based EV taxi service Evera Cabs, under Prakriti E‑Mobility and co‑founded by Nimish Trivedi, Vikas Bansal and Rajeev Tiwari, has secured $4 million via hybrid convertible debentures and debt from Mufin Green Finance. The firm plans to expand its airport‑centric EV fleet, including assets from BluSmart, and emphasises a no‑cancellation, surge‑free model.
Key News Highlights – 24 June 2025
Darwinbox completes INR 86 crore (US$10 million) ESOP buyback
Hyderabad‑based HR‑tech unicorn Darwinbox has executed its third and largest ESOP buyback in four years, offering liquidity to over 350 employees worldwide.
Dream11 parent launches real‑money casual gaming ‘Dream Play’
Dream Sports has expanded beyond fantasy sports with the launch of Dream Play, offering real‑money casual games like carrom and (soon) pool, entering a direct competitive space with platforms like MPL and WinZO.
FSN E‑Commerce (Nykaa) allots INR 10.33 crore in ESOP shares
Nykaa’s parent company, FSN E‑Commerce Ventures, has granted 523,900 equity shares to employees under its ESOP scheme, valued at INR 10.33 crore.
Google introduces AI Mode in Search Labs India
Google has launched AI Mode for search in India through Search Labs, powered by Gemini 2.5 and offering advanced reasoning, multimodal inputs (text, voice, images), and interactive follow‑ups.
Meta unveils Gaming Accelerator in India
At the Meta Marketing Summit – Gaming Edition, Meta announced its Gaming Accelerator for India, partnering with VC firms Bitkraft, Kalaari, Lumikai and Elevation Capital to mentor 20–30 emerging gaming studios over three months.
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