ETtech Deals Digest: This week, startups raised $191 million, a 51% decrease from the previous year
Indian startups raised about $190.7 million between January 10 and 16, marking a sharp 50.6% decline compared with the $386.2 million raised during the same period last year, according to data from intelligence platform Tracxn.
Despite the year-on-year slowdown, funding activity showed a sequential improvement. The amount raised this week was more than three times the $60.4 million secured in the previous week.
Deal activity also fell significantly on a year-on-year basis, with 27 transactions recorded during the week, compared with 54 deals in the corresponding period last year.
Top deals of the week
Pee Safe: Women’s hygiene and wellness brand Pee Safe raised $32 million in a funding round led by global healthcare-focused private equity firm OrbiMed. The round comprised a mix of primary capital infusion and secondary stake sales by early investors.
Sukino: Healthcare startup Sukino secured $31 million in a funding round led by Bessemer Venture Partners, with participation from Zerodha-backed Rainmatter.
Emversity: Skill-based training and higher education platform Emversity closed a $30 million funding round led by Premji Invest. Existing investors Lightspeed and Z47, formerly Matrix Partners India, also participated in the round.
While overall funding volumes remain muted compared with last year, the week’s data suggests a pickup in investor activity after a relatively subdued start to the year.
