ETtech Deals Digest: Startups raise $219.7 million this week; up 29.5% YoY

Startups raised around $219.7 million between February 7 and February 13, up 29.5% compared to the $169.7 million secured during the same period last year, according to data intelligence platform Tracxn.

This week’s tally was 10.8% more than the $198.2 million raised in the previous week this year.

While the funding amount rose, deal activity marginally increased to 39 transactions this week from 38 deals reported during the same period last year.


Top deals of the week

Idfy: Mumbai-based regulatory technology startup Idfy secured $52 million (Rs 476 crore) in a funding round led by Neo Asset Management with participation from existing investors, including Blume Ventures, Analog Capital, Elev8, and others. Of the total Rs 476 crore, Rs 220 crore is a primary infusion, and the rest is secondary.

Supertails: Petcare startup Supertails raised $30 million in a round led by Singapore-based investment firm Venturi Partners with participation from Nippon India Alternative Investments, Titan Capital Winners Fund, and existing investors Fireside Ventures, RPSG Capital Ventures, Sauce VC, and Saama Capital. ET reported last November that Supertails was in talks to raise capital in a round led by Venturi Partners, with participation from existing backers.

Olyv: Bengaluru-based consumer lending startup Olyv has secured $23 million in a fresh funding round from Fundamentum Partnership and SMBC Asia Rising Fund.