ETtech Deals Digest: Startups raise $226 million this week, up 2.5 times on-year

Startups raised around $225.6 million between November 29 and December 5, nearly 2.5 times the $93.2 million secured during the same period last year.

This week’s tally was broadly in line with the $226.3 million raised in the previous week.

However, deal activity slowed year-on-year (YoY), with 19 transactions recorded compared with 49 in the same week last year.

Top deals of the week

Ultraviolette: Electric motorcycle maker Ultraviolette raised $45 million from Zoho Corporation and Italy-based investment firm Lingotto as part of an ongoing funding round.

Yoodli: Learning platform Yoodli that offers roleplay-based simulations to help people practice real conversations, raised $40 million in a funding round led by WestBridge Capital. The round also saw participation from existing backers Neotribe Ventures and Madrona.

Mixx Technologies: Deeptech startup Mixx Technologies has raised $33 million led by the Singapore-based ICM HPQC Fund, with participation from TDK Ventures, SystemIQ Capital, AVITIC Innovation Fund, and others.