ETtech Deals Digest: Startups raise $126 million this week, down 35% on-year

Startups raised around $125.7 million during the week of July 26 to August 1, marking a 34.6% decline from the $192.1 million raised during the same period last year, according to data from Tracxn.

The funding amount declined from the previous week as well, dropping 40.5% from $211.3 million.


Deal activity, too, declined this week on a year-on-year (YoY) basis, with 17 transactions recorded during the period, compared to the 45 deals seen in the corresponding week last year.

Top deals of the week:

Safe Security: Cybersecurity intelligence startup Safe Security raised $70 million in a funding round led by Avataar Ventures, with participation from Susquehanna Asia Venture Capital, NextEquity Partners, and Prosperity7 Ventures.

EatClub: Cloud kitchen operator EatClub, which runs brands like Box8 and Mojo Pizza, raised around $22 million in funding led by existing investors Tiger Global, A91 Partners, and 360 One Asset Management.

Metaforms: Agentic AI startup Metaforms raised $9 million in a funding round led by Peak XV Partners, with Nexus Venture Partners and Together Fund participating.

Stan: Online gaming platform Stan raised $8.5 million in a funding round from a clutch of investors, including Japanese gaming firms, Google, and Nazara Technologies.

Arivihan: Edtech startup Arivihan, which offers automated, personalised coaching for school students, raised $4.17 million in a funding round led by Dutch investment firm Prosus and Silicon Valley-based venture capital (VC) firm Accel.