ETtech Deals Digest: Startups raise $159 million this week, down 7% on-year
The funds were raised through 14 transactions during the week, down from 36 in the year-ago period.
By ETtech | Updated:
ETtech
Startups raised around $159.2 million during the week of June 14 to 20, a 7.2% drop from the $171.6 million raised during the same period last year, according to data from Tracxn.
The tally also marked a 0.7% decrease over the $160.3 million raised last week.
Deal activity, too, remained muted this week, with 14 transactions recorded during the period. This was less than half of the 36 deals seen in the corresponding week last year.
Top deals of the week
Aspora: Y Combinator-backed cross-border payments startup Aspora raised $53 million in Series B funding, co-led by Sequoia and Greylock, with Quantum Light Ventures also contributing to the round.
Mahaveer Finance: Chennai-based non-banking finance company Mahaveer Finance raised around $23.1 million in an equity funding round that was led by Elevation Capital, along with participation from Banyan Tree Finance and First Bridge Capital.
ETtech Deals Digest: Startups raise $225 million in second week of June, up 22% on-year
