ETtech Deals Digest: Startups raise $738 million in June, down 60% on-year

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Here’s a summarized list of the Indian startups mentioned, along with their funding details:

1. Raphe mPhibr

  • Funding Amount: $100 million
  • Series: Not specified
  • Investors: General Catalyst, Amal Parikh, Think Investments, family offices
  • Date: June 2023

2. Cred

  • Funding Amount: $72 million
  • Series: Not specified
  • Investors: GIC (Lathe Investment), existing investors
  • Date: June 2023
  • Valuation: $3.5 billion (down from $6.4 billion in 2022)

3. Syfe

  • Funding Amount: $53 million (total in the round $80 million)
  • Series: Not specified
  • Investors: UK-based family offices
  • Date: June 2023

4. Aspora

  • Funding Amount: $53 million
  • Series: Series B
  • Investors: Sequoia, Greylock, Quantum Light Ventures
  • Date: June 2023

5. Flexiloans

  • Funding Amount: $43.8 million
  • Series: Not specified
  • Investors: Fundamentum, Accion Digital Transformation, Nuveen, Maj Invest
  • Date: June 2023

Summary

  • Total funds raised by startups in June 2023: $738.5 million
  • Total funds raised by startups in May 2025: $1.06 billion
  • Noteworthy decrease of 60% in funding compared to the previous year.

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2025-06-27 14:36:52