ETtech Deals Digest: Startups raise $269 million this week, up 19% on-year
The number of deals during the week was down to 15 transactions, compared to 31 in the corresponding week of the previous year.
By ETtech |
Agencies
Startups raised around $268.9 million between August 16 and 22, a 19.1% increase from the $225.8 million raised during the same period last year, according to data from Tracxn.
However, the total was down 20.4% from the $337.6 million raised the previous week.
Meanwhile, deal activity fell on a year-on-year (YoY) basis, with 15 transactions recorded this week compared with 31 a year earlier.
Top deals of the week
Weaver Services: Housing finance platform Weaver Services signed agreements to raise $170 million (around Rs 1,481.5 crore) in a funding round led by Lightspeed and Premji Invest, with Gaja Capital participating.
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Amnex Technologies: Wealth Company Asset Management, the asset management arm of Pantomath Group, invested $52 million in Ahmedabad-based Amnex Infotechnologies.
Kiwi: Fintech startup Kiwi reportedly raised $23 million in a funding round led by new and existing investors.
