ETtech Deals Digest: Startups raise $184.8 million this week, up 47.8% YoY

Startups raised around $184.8 million between October 19 and October 25, marking a 47.8% increase compared to the same period last year. This also represents a decline of 65.4% from last week’s total of $533.6 million.

This week, startups, across seed, early and late-stage rounds, raised funds through 13 deals, compared to 31 deals in the year-ago period, when they raised a total of $125 million, according to data from Tracxn.

Top deals of the week

Upgrad: Mumbai-based edtech unicorn Upgrad raised $60 million from Singapore sovereign wealth fund Temasek. Separately, Upgrad founder and chairman Ronnie Screwvala bought out Bharti Enterprises’ stake in the firm for $20 million.

Neysa: Mumbai-based artificial intelligence (AI) cloud and platform-as-a-service startup Neysa, raised $30 million in a funding round co-led by existing investors – US-based venture capital firm NTTVC, Z47 (formerly Matrix Partners India) and Nexus Venture Partners.

Even Healthcare: Bengaluru-based startup Even Healthcare, which provides facilities such as consultation and hospitalisation to its members, raised $30 million in funding led by Silicon Valley-based Khosla Ventures.

Stellapps: Dairy technology solutions startup Stellapps raised $26 million in a mix of equity and debt. Existing investors Blume Ventures, Omnivore, Bill & Melinda Gates Foundation, IDH Farmfit Fund, 500 Global (formerly 500 Startups) and Singapore-based Blue Ashva Capital along with new investor Mile Deep Capital, with debt funding from the US International Development Finance Corporation (DFC), participated in the funding round.

Healthify: Health and wellness startup Healthify (formerly Healthifyme) has raised $20 million in a funding round led by Silicon Valley-based Khosla Ventures and LeapFrog Investments. The round also saw participation from Claypond Capital, the family office of Manipal Group chairman Ranjan Pai.