ETtech Deals Digest: Startups raise $198 million this week, up 28% on-year

The number of deals during the week was also down at 27 transactions, compared to 51 in the corresponding week last year.

By ETtech | Feb 06, 2026, 10.10 PM IST

Startups raised around $198.2 million between January 31 and February 6, an increase of 28.5% compared to the $154.2 million secured during the same period last year, according to data intelligence platform Tracxn.

This week’s tally was around 94% more than the $102.2 million raised in the previous week this year.

The deal activity also slowed significantly this week, with 27 transactions recorded compared with 51 in the same week last year.

Top deals of the week

The Whole Truth: Clean-label food startup The Whole Truth raised about $51 million in a funding round led by Sofina and Sauce.vc. The round, comprising primary and secondary capital, also saw participation from existing investors Peak XV Partners and Rainmatter Health, along with Ayra Ventures. Early backers of the brand include Z47 (formerly Matrix Partners).

Varaha: Climate tech startup Varaha raised $45 million in a funding round led by WestBridge Capital. The company will receive the funding in two tranches, starting with an initial $20 million.

JJG Aero: Aerospace components manufacturer JJG Aero raised $30 million in a round led by venture capital firm Norwest.