ETtech deals digest: Startups raise $198 million this week, up 65% on-year

Startups raised around $198.3 million between February 1 and 7, marking a 65.2% increase compared to the same period last year.

This week, startups across seed, early and late stages secured funding through 24 deals, down from 51 during the same period last year, when the total funding reached $120 million, according to data intelligence platform Tracxn.

Top deals of the week


Myntra: Online fashion retailer Myntra received an $81-million infusion from its parent firm Flipkart, marking its second investment in 2024 after a $339-million infusion in March.

Cashfree Payments: Online merchant payment startup Cashfree Payments secured $53 million in an equity funding round led by South Korean entertainment company Krafton along with participation from existing investor Apis Partners, which is a UK-based private equity fund.

TrueFoundry: AI deployment and scaling platform TrueFoundry raised $19 million in Series A funding, led by Intel Capital, with participation from existing investors Eniac Ventures and Peak XV’s Surge.

Limelight Lab Grown Diamonds: Jewellery brand Limelight Lab Grown Diamonds raised around $11 million in funding from fund houses, broking firms, and family offices.