India Startup Funding Update June 22 to June 28, 2026 – CRED, Square Yards, Mitigata and More Lead a Big Week

India’s startup funding market had a busy week between June 22 and June 28, 2026. Publicly reported data showed Indian startups raising around $1.09 billion across 14 funding rounds during the week ended June 26. The number was unusually high because of one very large deal – CRED’s $900 million round led by Meta.

The week was not only about fintech. Real estate, cybersecurity, circular economy, beauty and wellness, healthcare and hospitality also saw active funding. That tells us investors are not looking at one sector alone. They are backing companies that have stronger revenue, clearer use cases and a path to scale.

Main deals of the week

CRED – $900 million

CRED raised Rs. 8,550 crore, or around $900 million, in a round led by Meta. The round included about $500 million in fresh capital and around $400 million in secondary share sales. The deal valued CRED at about $4.5 billion post-money.

CRED was founded in 2018 by Kunal Shah. As part of the larger development, Kunal Shah stepped down from his operational role at CRED to join Meta’s global leadership team, while Miten Sampat took over as interim CEO.

This was the biggest deal of the week by far. It also showed Meta’s deeper interest in India’s payments, credit and commerce ecosystem.

Square Yards – Rs. 900 crore

Square Yards raised Rs. 900 crore, around $95 million, through a mix of debt and equity. The round was anchored by EAAA Alternatives, with participation from Muzinich & Co.

Founded in 2014 by Tanuj Shori and Kanika Gupta Shori, Square Yards works across real estate, mortgages and related property services. The round reportedly pushed the company into unicorn territory as it prepares for a possible Rs. 2,000 crore IPO.

The deal matters because real estate platforms are again attracting attention when they show revenue scale and profitability.

Coval.ai – $28 million

Coval.ai raised $28 million in a Series A round led by Norwest. Other participants included Base10 Partners, Twilio Ventures, Y Combinator, MaC Ventures and Swift Ventures.

The company was founded in 2024 and works on evaluation tools for voice AI agents. In simple terms, it helps companies test whether AI voice systems are working properly before they are used with real customers.

This deal shows investor interest in the AI infrastructure layer, not just consumer-facing AI apps.

Recykal – $23 million

Hyderabad-based Recykal raised $23 million in a bridge round from new and existing investors, including promoters of Biological E and AIG Hospitals.

Recykal was founded in 2016 by Abhay Deshpande, Abhishek Deshpande, Ekta Narain, Vikram Prabakar and Anirudha Jalan. The company works in waste management and circular economy technology.

The funding is important because India’s recycling and waste-tracking market is becoming more formal, helped by compliance needs and sustainability goals.

Mitigata – $15 million

Cybersecurity startup Mitigata raised $15 million in a round led by Bessemer Venture Partners. Existing investors Nexus Venture Partners, Titan Capital and WEH Ventures also participated.

Mitigata was founded in 2023 by Mohit Anand, Sarthak Dubey, Mayank Morya and Akshit Kaushik. The company offers a full-stack cybersecurity platform covering cyber insurance, threat detection, resolution and compliance tools.

The startup plans to use the money to expand its team, improve R&D and enter international markets such as the Middle East and Southeast Asia.

BodyCraft Clinic and Salon – Rs. 120 crore

BodyCraft Clinic and Salon raised Rs. 120 crore from Singularity AMC. The company operates in beauty, wellness and medical aesthetics, with a hybrid clinic-and-salon model.

Dr Mikki Singh is the founder and medical director of BodyCraft. The fresh capital will support expansion across India, new clinical technology, AI-led efficiency and customer experience improvements. The company operates 67 locations and plans to add 30 more.

This deal reflects rising investor interest in organized beauty, wellness and aesthetic care services.

Superliving – $7 million

Bengaluru-based healthcare startup Superliving raised $7 million in a round led by Lightspeed. Existing investors Kae Capital and All In Capital also participated.

The startup was founded by former Pocket FM executives Manavdeep Singh Grover and Gurjot Kaur. It is building an AI-powered preventive health and wellness platform focused on sleep, fatigue, acidity, mobility, stress and lifestyle-related issues.

The company plans to invest in research, health knowledge systems, vernacular content and user growth in smaller cities.

SaffronStays – $3.5 million

Holiday home and villa hospitality brand SaffronStays raised $3.5 million in a funding round led by Infinity Ventures, with participation from family offices. The round included fresh primary capital and a partial secondary sale by Sixth Sense Ventures.

SaffronStays was co-founded by Devendra Parulekar and Tejas Parulekar. The company has stayed profitable for four years and wants to expand across leisure destinations while improving technology and guest experience.

This deal points to growing demand for managed holiday homes and premium domestic travel in India.

What this week tells us

The biggest message from the week is that late-stage funding is back when the company is large enough and the strategic investor sees long-term value. CRED alone carried most of the week’s total funding.

At the same time, smaller but meaningful rounds went into useful sectors such as cybersecurity, preventive health, recycling, AI tools and hospitality. These are not hype-only areas. They solve practical problems for consumers, businesses or enterprises.

For founders, the lesson is simple. Investors are still writing cheques, but they want sharper business models, better margins, stronger teams and clearer expansion plans.

Conclusion with key takeaways

India’s startup funding between June 22 and June 28, 2026, was led by CRED’s mega round, but the broader week also showed healthy activity across AI, cybersecurity, healthcare, circular economy, beauty and hospitality.

Key takeaways

• Indian startups raised around $1.09 billion across 14 rounds during the week ended June 26.
• CRED’s $900 million round led by Meta was the largest deal.
• Square Yards raised Rs. 900 crore and crossed unicorn valuation.
• Mitigata, Recykal, Superliving and Coval.ai showed strong investor interest in AI, cybersecurity, sustainability and health.
• BodyCraft and SaffronStays showed that consumer services with strong execution are still attractive.