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Startup news and updates: Daily roundup (June 2, 2025)
YourStory presents the daily news roundup from the Indian startup ecosystem and beyond. Here's the roundup for Monday, June 2, 2025.
From EaseMyTrip.com launching EaseMyTrip 2.0, a strategic initiative aimed at investing in travel and lifestyle startups, to D2C menswear brand Snitch raising $40 million in its Series B round led by 360 One Asset, YourStory brings today’s headlines that highlight significant developments across industries.
Featured stories:
Indian fintechs signal the end of volume-first strategy in Q4 FY25
India’s digital finance ecosystem has a new mantra: profit over proliferation. This shift was visibly apparent in the FY25 earnings for the once volume-obsessed industry, which pursued breakneck growth through high-frequency transactions and easy credit. Today, Indian fintech startups are focusing on making each rupee count—whether through fatter margins on secured loans, improved take rates on payments, or streamlined operating costs. Fintechs are no longer just chasing size; they’re chasing sustainability.
Behind this strategic pivot lies a stern reality. The Reserve Bank of India (RBI) has made it abundantly clear that it’s no longer comfortable with the explosion of unsecured credit, especially when tech-first lenders are distributing it with little visibility into borrowers’ repayment ability.
The regulatory clampdown has compelled digital lenders to reassess their strategies. Risky, short-tenure loan products are phased out; business models are reworked, and across the board, fintech firms are moving towards lending models and payment flows that promise margin stability over market share.
How Chargeup is writing its business playbook for gig workers
The beginning of can be traced back to an auto ride. In 2019, after hailing an electric auto rickshaw, the co-founders found themselves stranded in the middle of their trip after their vehicle broke down. The electric auto’s battery had run out of charge.
Satish Mittal, co-founder and CTO at Chargeup, recalls the discussion he had with his co-founder, Varun Goenka, after the incident. “If this can happen to us, it means that the driver is facing this problem more frequently and he is missing out on his earnings for some time. This in turn would create a negative spiral for him.”
In India, where electrification is being encouraged on a national scale, users having negative attitudes towards EV adoption can be a hindrance. Chargeup set out to solve this problem by providing asset management, leasing solutions, and battery swapping products.
Latest news
EaseMyTrip unveils ‘EaseMyTrip 2.0’ to back scalable travel and lifestyle ventures
EaseMyTrip.com, a publicly-listed travel technology company, has launched ‘EaseMyTrip 2.0’, a strategic initiative designed to expand the company's presence across the broader travel and lifestyle ecosystem.
Through this programme, EaseMyTrip said it plans to make minority investments in scalable, emerging businesses that align with evolving consumer trends. Spearheaded by Chairman and Founder Nishant Pitti, EaseMyTrip 2.0 marks a shift from traditional acquisitionsto a collaborative partnership model, said the company in a statement.
The company plans to acquire up to 49% equity in select early- to mid-stage startups, while allowing founders to maintain full operational control. The initiative will focus on offering working capital support, resource sharing, and fostering growth through strategic synergies. Interested startups are encouraged to submit comprehensive business plans, historical financial statements, and three-year growth projections for evaluation.
Funding news
Udaan raises $114M led by M&G, Lightspeed
B2B ecommerce company has raised $114 million in a fresh funding round led by M&G Investments and Lightspeed Venture Partners, as it sharpens its focus on profitability and edges closer to a long-anticipated public listing.
The Bengaluru-based company said the new funds will be used to expand its footprint in the fast-moving consumer goods (FMCG) and HoReCa (hotels, restaurants, and catering) segments, build private-label offerings, and strengthen its balance sheet. The funding comes as India’s once freewheeling startup capital flows have tightened.
“This fundraise is a vote of confidence in the disciplined, margin-focused model we’ve built over the past three years,” said Vaibhav Gupta, Co-founder and CEO, Udaan. “We are on course to achieve full EBITDA profitability within the next 18 months.”
Menswear brand Snitch secures $40M in Series B round
D2C menswear brand has raised $40 million in its Series B round, led by 360 One Asset, to support its ambitions in quick commerce and offline retail.
The round also witnessed participation from existing investors IvyCap Ventures and SWC Global, as well as Ravi Modi Family Office (founders of Manyavar) and other angel investors, the company said in a press note.
The company primarily plans to scale its offline store network to cover the top 20 cities in the country as well as set foot in the Middle East and South Asia. It is also looking to double down on consumer preferences for faster deliveries with quick commerce and launch some new categories.
Spense raises $1.85M pre-seed funding to develop programmable banking infrastructure
Fintech startup Spense has raised $1.85 million in a pre-seed funding round led by , with participation from industry leaders including Kunal Shah (CRED), Sayandeb Banerjee (The Math Company), Suresh Rayasam (Google), and Ravi Sudhakar (Microsoft), among others. Spense Team
Founded by Pawan Kumar, former Head of Applied Science at Uber India, and Srinivas Krishnamurthy, former Technical Lead at BNP Paribas, Spense is building programmable financial infrastructure focused on secured card issuance, foreign exchange, and prepaid card systems. The company aims to provide compliant, scalable systems to support the evolving needs of digital financial services in India.
With this funding, Spense plans to expand its infrastructure capabilities to support banking and financial service providers targeting the next 100 million users in the country.
Other news
DeHaat acquires climate-tech firm NEERX to expand precision farming tools
Agritech platform has acquired NEERX, a startup focused on climate-resilient farming technologies. The acquisition aims to integrate NEERX’s environmental data capabilities into DeHaat’s existing ecosystem, which supports over 13 million farmers through 18,000 centres across India.
NEERX has developed sensor-based tools, including SHOOL, an ISRO-validated soil monitoring device, and cloud-based analytics designed to support agricultural decision-making. The company's technologies are expected to complement DeHaat’s portfolio of services such as crop advisory, agri-input delivery, and market linkages.
The NEERX team will now operate within DeHaat, contributing to the platform’s efforts in expanding precision and climate-smart agriculture. This acquisition reflects a broader shift in the sector toward integrating real-time data and automation into farm-level practices.
Unicommerce introduces ‘Blink Mode’ to accelerate ecommerce order fulfilment
has launched 'Blink Mode’, a new suite within its Uniware platform, to accelerate multi-channel order processing for ecommerce brands and online sellers.
Designed for high-volume operations, the tool enables batch fulfilment of up to 2,500 orders, featuring image-assisted packaging, faster label and invoice generation, automated catalog updates, and package consolidation based on warehouse, product type, or courier.
These enhancements aim to reduce processing time, manual intervention, and operational costs, while a redesigned user interface supports efficient handling of frequent orders. Uniware continues to serve as a comprehensive platform for managing inventory, warehousing, and logistics across sales channels.
Edited by Jyoti Narayan
