ETtech Deals Digest: Startups raise $282 million this week, up 4x on-year

Startups raised around $282 million between September 27 and October 3, an increase of 4.3 times from the $66.3 million raised during the same period last year, according to data from Tracxn.

The tally was also 4.7% more than the $269.3 million raised the previous week.

The number of deals, however, dropped on a year-on-year (YoY) basis, with 17 transactions recorded this week compared with 53 a year earlier.

Top deals of the week

PostHog: Software-as-a-service (SaaS) startup PostHog raised $75 million in a funding round at a $1.4 billion valuation. The round was led by Peak XV Partners with participation from other existing investors.

Kapiva: Ayurvedic healthcare brand Kapiva raised $60 million in funding led by 360 ONE Asset and Vertex Growth. Existing investors Vertex Ventures Southeast Asia and 3one4 Capital also participated in the round.

Recur Club: Debt marketplace Recur Club raised $50 million through a mix of equity and debt. The equity portion of $8 million was led by InfoEdge Ventures, with participation from LC Nueva, Physis Capital, String Ventures, and iA Finvolve.

GrowXCD: Non-banking finance company GrowXCD raised $22.5 million from Swiss impact investment firm Blue Earth Capital and Prosus Ventures.

Art of Time: Omnichannel luxury watch retailer Art of Time raised around $19.7 million in a funding round from existing investor CaratLane founder Mithun Sacheti, Jaipur Gems chief executive Siddhartha Sacheti, Freshworks founder Girish Mathrubootham, and Plutus Wealth Management.