ETtech Deals Digest: Startups raise $848 million in April so far; down 27% on-year

Startups raised around $848.3 million in funding between April 1 and 25, marking a 27.2% decline compared to the same period last year, when they secured $1.1 billion across 116 rounds in April 2024.

This month, startups, mainly in the early and late stages, raised funds across 86 rounds, compared to 116 rounds in the year-ago period, according to market intelligence platform Tracxn. Also, startups had secured about $1.9 billion from 82 rounds in March 2025.

Last week, from April 19 to 25, startups collectively secured around $76 million in funding.

Top deals of the month

GreenLine: Essar Group venture GreenLine Mobility Solutions announced raising $275 million via equity issuance to scale its green logistics business focused on liquefied natural gas (LNG) and electric trucks.

Juspay: Payment aggregator Juspay closed a $60 million financing round led by domestic private equity fund Kedaara Capital, with existing investors SoftBank and Accel participating.

Tessell: Cloud database startup Tessell raised $60 million in its Series B funding round led by WestBridge Capital with participation from Lightspeed Venture Partners, among others.

Scapia: Travel-focussed fintech startup Scapia, founded by former Flipkart senior executive Anil Goteti, raised $40 million in a funding round led by Peak XV Partners, with existing investors Elevation Capital, Z47, and 3State Capital participating.

Infinity Fincorp: Mumbai-based non-banking finance company (NBFC) Infinity Fincorp raised $40 million in an extended Series A funding round led by Beams Fintech Fund.