--- url: 'https://qubit.capital/blog/india-series-b-plus-weekly-funding-roundup-week-2-june-2026' title: 'India Series B+ Weekly Funding Roundup (Jun 1-8, 2026): $103.0M Raised Across 3 Deals' author: name: Sahil Agrawal url: 'https://qubit.capital/blog/author/sahil' date: '2026-06-08T04:33:01+05:30' modified: '2026-06-08T12:56:20+05:30' type: post summary: 'India Series B+ funding, Jun 1-8 2026: Simple Energy, FirstClub, and Anveshan raised $103M across EV, quick commerce, and clean-label food.' categories: - Weekly Funding Roundup image: 'https://qubit.capital/wp-content/uploads/2026/06/featured-india-series-bplus-67477.webp' published: true --- # India Series B+ Weekly Funding Roundup (Jun 1-8, 2026): $103.0M Raised Across 3 Deals India’s later-stage startups pulled in $103 million across three Series B+ rounds between June 1 and 8, 2026. FirstClub led the week with a $55 million raise, followed by electric two-wheeler maker Simple Energy at roughly $30 million and clean-label food brand Anveshan at about $18 million. Two of the three companies are based in Bengaluru, and all three sell directly to Indian consumers. A common thread runs through the week. Each company is betting on owning its supply chain rather than renting it. Simple Energy builds its own motors, FirstClub runs its own stores and quality checks, and Anveshan sources through a network of village producers. Investors are paying up for that control, with FirstClub doubling its valuation in nine months and Anveshan crossing a $90 million mark on the back of fast revenue growth. Weekly Funding Roundup JUN 1-8, 2026 $103M TOTAL RAISED 3DEALS CLOSED MixedSTAGE $34.3MAVG DEAL SIZE INDIATOP REGION BY STAGE Series B+$73M71% Series B+ (equity and debt)$30M29% BY SECTOR FirstClubQuick commerce / grocery$55M Simple EnergyElectric mobility / climate$30M AnveshanClean-label food / D2C$18M Table of Contents - [1. Simple Energy Raises $30M For Electric Two-Wheelers](#1-simple-energy-raises-$30m-for-electric-two-wheelers) [Deal Overview](#deal-overview) - [Investor Profile](#investor-profile) - [Company and Leadership](#company-and-leadership) - [Problem and Opportunity](#problem-and-opportunity) - [Product and Technology](#product-and-technology) - [Use of Proceeds and Vision](#use-of-proceeds-and-vision) - [Market Context](#market-context) - [2. FirstClub Raises $55M For Curated Grocery](#2-firstclub-raises-$55m-for-curated-grocery) [Deal Overview](#deal-overview-1) - [Investor Profile](#investor-profile-1) - [Company and Leadership](#company-and-leadership-1) - [Problem and Opportunity](#problem-and-opportunity-1) - [Product and Technology](#product-and-technology-1) - [Use of Proceeds and Vision](#use-of-proceeds-and-vision-1) - [Market Context](#market-context-1) - [3. Anveshan Raises $18M For Clean-Label Food](#3-anveshan-raises-$18m-for-clean-label-food) [Deal Overview](#deal-overview-2) - [Investor Profile](#investor-profile-2) - [Company and Leadership](#company-and-leadership-2) - [Problem and Opportunity](#problem-and-opportunity-2) - [Product and Technology](#product-and-technology-2) - [Use of Proceeds and Vision](#use-of-proceeds-and-vision-2) - [Market Context](#market-context-2) - [Lessons For Founders](#lessons-for-founders) ## 1. Simple Energy Raises $30M For Electric Two-Wheelers ### Deal Overview - Stage: Series B+ (equity and debt) - Sector: Electric mobility / climate - Geography: Bengaluru, Karnataka - Round size: Rs 250 crore (about $30M) - Use: scaling manufacturing ahead of a planned FY28 IPO ### Investor Profile The equity tranche of roughly Rs 127 crore was led by the family office of Dr. Arokiaswamy Velumani, who founded the diagnostics chain Thyrocare. The Rs 123 crore debt portion came from HDFC Bank, Capitar Ventures, and other non-banking lenders. Backing from an established entrepreneur and a major bank signals confidence in the company’s path to a public listing. ### Company and Leadership [Simple Energy](https://www.simpleenergy.in) was founded in 2019 by Suhas Rajkumar, with co-founders including Shreshth Mishra and Ankit Gupta. Rajkumar and Gupta each put in Rs 13.5 crore of their own money this round. The company raised a $20 million Series A in July 2024. ### Problem and Opportunity India’s electric two-wheeler market is crowded and price-sensitive. Most makers depend on imported rare-earth magnets, which leaves them exposed to supply shocks from China. Simple Energy is trying to remove that dependency at the source. ### Product and Technology Its flagship is the Simple One scooter, marketed with a claimed range of up to 248 km per charge. At its Hosur, Tamil Nadu plant the company has started building what it calls India’s first rare-earth-free electric motors. It sells through 71-plus outlets across 38 cities and assembles motor, battery, and vehicle in-house to control cost. ### Use of Proceeds and Vision About 70% of the raise goes to working capital and production, with the rest split across R&D, product development, and sales. The company wants to reach 10,000 units a month by January 2027 and 15,000 by March 2027. It is targeting an IPO in the second half of FY28 to raise around Rs 3,000 crore. ### Market Context India is the world’s largest two-wheeler market, and electric penetration is climbing under FAME and PM E-DRIVE incentives. Simple Energy competes with Ola Electric, Ather Energy, TVS, Bajaj Chetak, and Hero’s Vida. Scaling output efficiently while differentiating on range and indigenous parts is what will keep it in the race. ## 2. FirstClub Raises $55M For Curated Grocery ### Deal Overview - Stage: Series B+ - Sector: Quick commerce / grocery - Geography: Bengaluru, India - Round size: $55M - Valuation: $255M, double its $120M mark from September 2025 ### Investor Profile The round was co-led by Peak XV Partners and Sofina, with Accel, RTP Global, and Paramark Ventures joining. Total funding now sits near $86 million. The valuation doubled in nine months, which says these investors believe the quality-first model has room to run. ### Company and Leadership [FirstClub](https://www.firstclub.site) was founded in 2024 by Ayyappan R, a former Flipkart executive. The company employs around 220 people directly. ### Problem and Opportunity Most quick-commerce apps win on speed and selection. FirstClub argues that affluent, health-conscious shoppers care more about getting the right quality, every time. As the founder puts it, people don’t need a very large selection, they need the right one delivered dependably. ### Product and Technology The platform carries roughly 4,000 curated SKUs instead of sprawling catalogs. It runs quality checks on produce and lab-tests staples. It operates 21 stores in Bengaluru and 3 in Hyderabad. A base of 170,000 households, more than 60% women-led, averages over four orders a month, generating repeat-purchase data on premium buyers. ### Use of Proceeds and Vision The capital funds expansion beyond Bengaluru and Hyderabad into new cities. FirstClub will also move into home, kitchen, gifting, and household essentials, while investing further in its quality checks and store network. ### Market Context India’s quick-commerce market grew from $6.2 billion in FY25 to an estimated $11 to $12 billion in FY26. FirstClub competes with Blinkit, Zepto, Swiggy Instamart, and BigBasket, but it segments toward quality rather than speed. Annualized GMV of about $50 million and more than a million orders point to early traction. ## 3. Anveshan Raises $18M For Clean-Label Food ### Deal Overview - Stage: Series B+ - Sector: Clean-label food / D2C - Geography: Gurugram, India - Round size: Rs 150 crore (about $18M) - Valuation: over $90M ### Investor Profile Vertex Ventures Southeast Asia & India led the round, with the International Finance Corporation participating. Angels included Swiggy co-founder Sriharsha Majety and boAt co-founders Aman Gupta and Sameer Mehta. The IFC’s involvement reflects the rural-sourcing angle of the business. ### Company and Leadership [Anveshan](https://www.anveshan.farm) was founded in 2020 by Kuldeep Parewa, Akhil Kansal, and Aayushi Khandelwal, operating as Anveshan Farm Technologies. ### Problem and Opportunity Indian shoppers are moving toward foods that feel authentic and minimally processed. Industrial staples dominate the shelves, leaving room for brands that can prove how their products are made and where the ingredients come from. ### Product and Technology Anveshan sells A2 bilona ghee, wood-pressed edible oils, raw honey, stone-ground atta, and other traditional staples. It uses old methods like wooden-churn ghee and wood-pressed oil extraction. Its supply chain runs through village-based food micro-entrepreneurs, giving it control over quality and cost while supporting rural livelihoods. ### Use of Proceeds and Vision The capital strengthens manufacturing and product development, with a core focus on expanding offline distribution alongside its online presence. Funds also go to sourcing infrastructure and micro-entrepreneur partnerships. The company is chasing Rs 1,000 crore in revenue within 24 to 30 months. ### Market Context Anveshan reported FY25 revenue of Rs 77.08 crore, up 64.6% from Rs 46.84 crore the year before, with a current run rate of Rs 280 to 300 crore. FY25 losses widened to Rs 11.88 crore. It competes with other clean-label and cold-pressed-oil D2C brands as well as legacy edible-oil and ghee makers. ## Lessons For Founders - Owning your supply chain is a fundraising story right now. All three companies raised on the strength of in-house manufacturing, sourcing, or quality control rather than asset-light models. - Debt has a place in a growth round. Simple Energy mixed equity with bank debt to scale production without giving away more ownership than it needed to. - You can win a crowded market by narrowing it. FirstClub skipped the speed race and built for premium, repeat shoppers, and the valuation followed. - Strong revenue growth buys patience on losses. Anveshan’s widening FY25 loss did not stop a $90 million-plus valuation because the top line was growing fast. - Signal a clear next milestone. Pointing capital at a concrete target, whether an FY28 IPO or a Rs 1,000 crore revenue goal, gives investors a reason to back the round.