Daily Indian Funding Roundup & Key News – 26 June 2025: Wiom, Raphe mPhibr, ShopOS Raise Big; Pine Labs IPO, Net1 Exit in Focus

On 26 June 2025, Indian startups raised big funds. Raphe mPhibr got $100 million, Wiom $40 million, and ShopOS $20 million. At the same time, Pine Labs filed for an IPO and Net1 exited MobiKwik with a loss. The day saw strong investor interest and key shifts in the startup space.

StartupTalky News

26 Jun 2025 — 4 min read

Daily Indian Funding Roundup & Key News – 26 June 2025

India’s startup ecosystem remained vibrant on 26 June 2025, with multiple high-value funding announcements across sectors, including defence tech, internet services, and e‑commerce enablement. From Wiom’s $40 million raise to Raphe mPhibr’s record-breaking $100 million round, investors continue to back innovation at scale. Meanwhile, strategic moves from Pine Labs, Net1, and Bumble also made headlines. Here's a quick roundup of the day’s key developments.

Daily Indian Startup Funding Digest - 26 June 2025

Company	Amount Raised	Lead Investor(s)	Sector
Wiom	US $40 million	Bertelsmann India, Accel, Prosus et al.	Internet services
StayVista	Over ₹40 crore (~US $4.6 m)	JSW Ventures, DSG Consumer Partners, Capri Global FO	Luxury villa rentals
Brihaspathi Technologies	US $10 million	Foreign institutional investors	Defence/Ai security tech
Jobizo	₹12 crore (~US $1.44 m)	Inflection Point Ventures, Alkemi Ventures	Health‑tech HR platform
Raphe mPhibr	US $100 million	General Catalyst, Amal Parikh, Think Investments etc.	Defence drone/aerospace
ShopOS	US $20 million	Binny Bansal via 3STATE Ventures	AI‑powered e‑commerce OS
Flipspaces	₹50 crore (~US $5.9 m)	Asiana Fund (Asian Paints-backed)	Commercial interior tech

📰 Top Funding News

Wiom raised $40 million, secured a major growth round

Delhi-based internet-services aggregator Wiom secured $40 million in a growth capital round led by Bertelsmann India Investments and Accel, with participation from Prosus, Promaft Partners, and existing backers such as RTP Global. The funds will support product development, hiring, and expansion into underserved Indian cities.

StayVista raised INR 40+ crore from JSW Ventures, others

Luxury villa rental platform StayVista raised over INR 40 crore ($4.6 million) in a round led by JSW Ventures, along with DSG Consumer Partners and Capri Global Family Office. The capital will be used to expand geographically, enhance offerings, and grow the team.

Brihaspathi Technologies raised $10 million, secured govt project

Hyderabad-based Brihaspathi Technologies, focused on AI-powered surveillance and defence tech, raised $10 million from foreign institutional investors. The firm also secured a project with the Maharashtra State Road Transport Corporation and announced plans to go public in FY 2026–27.

Jobizo raised INR 12 crore to grow health-tech hiring

Gurugram-based health workforce platform Jobizo raised INR 12 crore ($1.44 million) in a Pre-Series A round led by Inflection Point Ventures and Alkemi Ventures. The company aims to expand its tech stack, ramp up marketing, grow the team, and boost working capital.

Raphe mPhibr raised $100 million in a historic defence round

Drone and aerospace startup Raphe mPhibr, based in Noida, raised $100 million in equity funding led by General Catalyst, with support from Amal Parikh, Think Investments, and others. Valued at around $900 million, this marks the largest private defence-tech funding in India to date.

ShopOS raised $20 million from Binny Bansal

E-commerce enablement startup ShopOS, founded by Sai Krishna VK and Ajay PV, raised $20 million in seed funding from Binny Bansal’s 3STATE Ventures. The funding will go towards product development, team scaling, and expanding into Europe and the UAE.

Flipspaces raised INR 50 crore for global expansion

Commercial design-tech firm Flipspaces secured INR 50 crore ($5.9 million) in funding from Asiana Fund, backed by an Asian Paints promoter. The funding will be used to support operations in India, the US, and the UAE.

Key News Highlights - 26 June 2025

Net1 exits MobiKwik after 8 years with significant loss

South Africa-based fintech firm Net1 has fully exited its investment in Indian digital payments platform MobiKwik, ending an 8-year association. Net1 had initially invested around $18.5 million between 2016 and 2017 but exited with losses due to MobiKwik’s stagnant valuation and shifting strategy. The exit comes amid broader challenges for older fintech backers.

Pine Labs files IPO papers, aims to raise INR 2,600 crore

Fintech unicorn Pine Labs has officially filed its Draft Red Herring Prospectus (DRHP) with SEBI, targeting a fresh issue of INR 2,600 crore. Existing investors including Peak XV Partners, Temasek, and PayPal plan to offload a significant portion of their stakes. Peak XV is expected to sell the largest chunk, signalling a partial exit amid the long-awaited IPO.

India’s online commerce to touch $300 billion by 2030: Bessemer

According to a new report by Bessemer Venture Partners, India’s online commerce market is projected to reach $300 billion by 2030, driven by increased consumer spending, digital infrastructure, and D2C innovation. Sectors like e‑commerce enablement, logistics, and vernacular platforms are identified as key growth enablers.

Bumble to lay off 240 employees in global restructuring

Dating app Bumble has announced plans to cut 240 jobs globally as part of an organisational restructuring. The company is undergoing leadership transitions and seeking to streamline its operations. The layoffs are expected to impact employees across markets, including India, though an exact region-wise breakdown was not disclosed.

BSE shares fall over 1% as SEBI imposes INR 25 lakh penalty

Shares of the Bombay Stock Exchange (BSE) declined over 1% after SEBI imposed an INR 25 lakh penalty. The regulator found that BSE had allowed frequent modifications during trades without following proper protocols, breaching the Securities Contracts Regulation norms. The penalty adds pressure amid increasing scrutiny on exchanges.