ETtech Deals Digest: Startups raise $62 million this week, down 34% on-year

Time of India

2 days ago

Startups raised around $62.1 million during the week of July 5 to 11, marking a 34.3% drop from the $94.5 million raised during the same period last year, according to data from Tracxn.The amount also marked a 72% decrease over the $221.4 million raised last week.Deal activity, too, remained muted this week, with 16 transactions recorded during the period. This was nearly half of the 30 deals seen in the corresponding week last year. Khetika : Mumbai-based healthy foods company Khetika raised $18 million in a funding round from Narotam Sekhsaria Family Office and Anicut Capital. The round also saw participation from existing investors such as Incofin India Progress Fund, Rajasthan Gum Pvt. Ltd. and Shree Ram India Gums Ltd. Arteria Technologies : Supply chain collaboration software-as-a-service (SaaS) and financing platform Arteria Technologies raised around $11.7 million from ICICI Venture, the investment arm of ICICI Bank , in a funding round. The funding was a mix of primary and secondary capital. InPrime Finserv : Tech-enabled non-banking finance company (NBFC) InPrime Finserv raised around $6 million in a funding round led by Pravega Ventures. The round witnessed participation from existing investors Z47, InfoEdge Ventures, and Kettleborough VC.