Indian startups bag $1.11B across 19 deals; Honasa buys into nutraceuticals via Fluence Pharma
Week of June 22-27 saw $1.11B deployed across 19 deals, led by Meta's $900M into CRED. Honasa (Mamaearth) acquired 58% of Fluence Pharma at Rs 135 cr EV, entering nutraceuticals. Square Yards raised Rs 900 cr; Bodycraft and AllHome also tapped capital. Secondaries hit Pine Labs and Delhivery as Actis and Alpha Wave exited stakes.
Weekly roundup: Indian startups raised $1.11B across 19 deals. Honasa acquired 58% of Fluence Pharma entering nutraceuticals; Swiggy Instamart saw COO and CBO exits; Actis pared Pine Labs stake; Alpha Wave fully exited Delhivery; 91trucks cut 100 jobs.
Why this matters
After a record Q4 with profit nearly tripling and younger brands driving 40%+ growth, Honasa is deploying capital into adjacent categories. The Fluence buy follows Sofina's Rs 177 Cr stake exit, signalling a pivot from investor churn to category expansion.
Retail-company activity steady with 3,912 signals over the past 90 days.