ETtech Deals Digest: Startups raise $282 million in week to December 6; up 133% on-year

Startups raised around $281.6 million between November 30 and December 6, marking a 132.7% increase compared to the same period last year. This also represents a decline of 78% from last week’s total of $1,280.7 million.

This week, startups across seed, early, and late-stage rounds raised funds through 17 deals, compared to 36 deals in the year-ago period, when they raised a total of $121 million, according to data from Tracxn.

Top deals of the week


Vastu Finance: Housing finance company Vastu Finance raised $100 million from Prosus, the Dutch-listed technology investment arm of Naspers. Prosus has acquired an 8.4% stake in the company.

Mintifi: Supply chain finance firm Mintifi raised about $80 million from Prosus. The investment firm has acquired nearly 11% stake in the company. The latest funding has valued the Mumbai-based company at around $755 million.

Glow: Solar energy startup Glow raised $30 million in a funding round from venture capital firms Framework and Union Square Ventures. Glow is an international cooperation of companies with teams based in San Francisco, Mexico City, and Lisbon.

Enterpret: Customer feedback analytics platform Enterpret, designed for product development and customer experience teams, raised $20.8 million in funding led by Canaan Partners. The funding round included participation from Kleiner Perkins, Peak XV Partners, Wing Ventures, and Recall Capital.

Ultraviolette: Electric two-wheeler maker Ultraviolette raised $15.3 million in a funding round from both existing and new investors, software-as-a-service (SaaS) major Zoho, Lingotto, Mudhal Partners, and Ojas Consultation.