ETtech Deals Digest: Startups raise $338 million this week, up 65% on-year
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Startups raised around $337.6 million between August 9 and 14, a 64.9% increase from the $204.7 million raised during the same period last year, according to data from Tracxn.The total was also up 54.2% from the $219 million raised the previous week.Deal activity, however, fell on a year-on-year (YoY) basis, with 26 transactions recorded this week compared with 33 a year earlier.:Telehealth platform Truemeds has secured $85 million in a funding round led by Accel and Peak XV Partners . Of the total, $65 million was primary capital, while $20 million was secondary transactions. Existing investors WestBridge Capital and Info Edge Ventures also participated in the financing.Identity proofing and authentication company 1Kosmos raised $57 million in a funding round, including a $10 million line of credit from Bridge Bank. The round was led by Forgepoint Capital and Origami's Oquirrh Ventures. invested Rs 400 crore in quick commerce startup Zepto. People briefed on the matter told ET that Motilal's investment is part of a Rs 1,000 crore funding round by Zepto.
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