Indian startups raise $48M in Fintech surge: Mahaveer, CLR, RenewBuy lead

Between June 16 and June 21, 2025, Indian startups across multiple sectors raised a total of $161 million from investors, with the fintech sector leading the charge.

The fintech surge was spearheaded by lending firm Mahaveer Finance, integrated facility management company CLR Facility Services, and insurance broking startup RenewBuy, which together secured $48 million in funding.

This funding wave reflects growing investor confidence in fintech innovation, as well as the broader startup ecosystem spanning NBFC, logistics, AI, electric vehicles, insurance, marketing, B2B, and edtech.

Other notable fundraises during the week included Aspora, which raised $53 million, and Spinny, which secured $30 million, underscoring the diversity of sectors attracting capital.

“The fintech sector is leading the pack,” industry analysts noted, highlighting the sector’s pivotal role in India’s startup funding landscape.

This influx of capital is expected to accelerate product development and market expansion for these startups, further strengthening India’s position as a global fintech hub.

The collective $48 million raised by Mahaveer, CLR, and RenewBuy demonstrates the robust appetite for fintech solutions addressing lending, facility management, and insurance broking, signaling a maturing market with diverse opportunities.

Indian fintech startups raised $48 million last week, led by Mahaveer Finance, CLR Facility Services, and RenewBuy, amid a broader $161 million funding surge across 16 startups in sectors including NBFC, logistics, AI, and EV, highlighting strong investor interest in fintech innovation.