ETtech Deals Digest: Startups raise $157 million this week, down 32% on-year

Startups raised around $157.3 million between February 28 and March 6, a decline of 32.2% compared to the $231.9 million secured during the same period last year, according to data intelligence platform Tracxn.

This week’s tally was around 3.3% more than the $152.2 million raised in the previous week this year.

The deal activity also slowed significantly this week, with 23 transactions recorded compared with 50 in the same week last year.

Top deals of the week

Rozana: Rural commerce startup Rozana raised $30 million in a funding round led by existing investors Bertelsmann India Investments and Fireside Ventures.

Zeno: Electric mobility Zeno raised $25 million through a combination of equity and debt financing. Congruent Ventures led the equity round. Trifecta Capital and Camber Road provided debt facilities.

Pronto: Home services startup Pronto raised $25 million in a round led by Epiq Capital, with participation from existing investors Glade Brook Capital, General Catalyst, and Bain Capital Ventures.