25-04-2025
ETtech Deals Digest: Startups raise $848 million in April so far; down 27% on-year
Startups raised around $848.3 million in funding between April 1 and 25, marking a 27.2% decline compared to the same period last year, when they secured $1.1 billion across 116 rounds in April 2024.
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This month, startups, mainly in the early and late stages, raised funds across 86 rounds, compared to 116 rounds in the year-ago period, according to market intelligence platform
Tracxn
. Also, startups had secured about $1.9 billion from 82 rounds in March 2025.
Last week, from April 19 to 25, startups collectively secured around $76 million in funding.
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ETtech
Top deals of the month
GreenLine:
Essar Group
venture GreenLine Mobility Solutions announced raising $275 million via equity issuance to scale its green logistics business focused on liquefied natural gas (LNG) and electric trucks.
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Juspay:
Payment aggregator
Juspay closed a $60 million
financing round led by domestic private equity fund Kedaara Capital, with existing investors SoftBank and
Accel
participating.
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Tessell:
Cloud database startup Tessell raised $60 million in its
Series B funding
round led by WestBridge Capital with participation from
Lightspeed Venture Partners, among others
.
Scapia:
Travel-focussed fintech startup Scapia, founded by former
Flipkart
senior executive Anil Goteti,
raised $40 million in a funding
round led by Peak XV Partners, with existing investors Elevation Capital, Z47, and 3State Capital participating.
Infinity Fincorp:
Mumbai-based non-banking finance company (NBFC)
Infinity Fincorp raised $40 million
in an extended Series A funding round led by Beams Fintech Fund.
ETtech