ETtech Deals Digest: Startup funding rises 10.6% on-year to $164.8 million this week

Startups raised around $164.8 million between November 9 and 15, marking a 10.6% increase compared to the same period last year.

This also represents a 104.3% decline from last week’s total of $80.7 million.

This week, startups raised funds through 21 deals, compared to the same number of deals in the year-ago period, when they raised a total of $149 million, according to data from data intelligence platform Tracxn.


Top deals of the week:

SarvaGram: Rural household-focussed lending firm SarvaGram raised Rs 565 crore in a Series D equity funding led by Peak XV Partners. This round saw participation from existing shareholders, Elevar Equity, Elevation Capital, Temasek and TVS Capital.

UnifyApps: Software integration startup UnifyApps raised $20 million in a funding round led by Iconiq Growth, which has invested in companies like Airbnb, Uber and Snowflake.

Bhanzu: Edtech startup Bhanzu raised $16.5 million in a funding round led by venture capital firm Epiq Capital at a valuation of about $120-122 million.

Wheelocity: Business-to-consumer (B2C) commerce startup Wheelocity has raised $15 million in a funding round led by existing investor Lightspeed India Partners, with participation from Alteria Capital, Anicut Capital, and founder Selvam VMS.