ETtech Deals Digest: Startups raise $338 million this week, down 9% on-year

The number of deals during the week was also down to 22 transactions, compared to 37 in the corresponding week last year.

By ETtech | Sep 19, 2025, 10.10 PM IST

Startups raised around $338.5 million between September 12 and 19, a 9.1% decrease from the $372.6 million raised during the same period last year, according to data from Tracxn.

The tally, however, was up fourfold from the $83.1 million raised the previous week.

Deal activity, too, decreased on a year-on-year (YoY) basis, with 22 transactions recorded this week compared with 37 a year earlier.

Top deals of the week:

Infra.Market: Construction materials marketplace Infra.Market raised $83 million from promoters and existing shareholders, valuing the company at around $2.8 billion. Founders Aaditya Sharda and Souvik Sengupta infused Rs 250 crore through promoter entity Silverline Homes Pvt Ltd, while Zerodha cofounder Nikhil Kamath’s NK Squared invested about Rs 200 crore.

EvoluteIQ: Enterprise automation startup EvoluteIQ raised $53 million in a funding round led by investment firm Baird Capital.

FinBox: Digital credit infrastructure startup FinBox raised $40 million in a funding round led by global investment firm WestBridge Capital, with existing investors A91 Partners and Aditya Birla Ventures participating.