ETtech Deals Digest: Startup funding down 80% to $144 million this week
Indian startups dropped about 80% on year this week, totalling $143.9 million across 26 different deals.
Companies, across seed, early and late stages, had raised about $722 million in 30 rounds in the period from January 13 to 19 last year, as per data from Tracxn.
Elevate Your Tech Prowess with High-Value Skill Courses
Offering CollegeCourseWebsiteIndian School of BusinessISB Product ManagementVisitIndian School of BusinessISB Professional Certificate in Product ManagementVisitIndian School of BusinessISB Digital TransformationVisit
In the previous week, startups raised 102 million across 26 funding rounds.
The most significant amount of capital raised this week was in the late stage, at about $65 million, accounting for 45.2% of the overall deal value. This was followed by $55.3 million in early-stage funding, making up 38.4%.
Here are the top five deals from this week:
Nazara Technologies raises Rs 250 crore from Nikhil Kamath, ICICI Prudential: Listed gaming and media firm Nazara Technologies on Wednesday said it has raised Rs 250 crore from existing investors ICICI Prudential and Zerodha cofounder Nikhil Kamath, among others.
International Battery Company raises $35 million: Green-tech firm International Battery Company (IBC) has closed its maiden funding round at $35 million, led by RTP Global. The round saw participation from Beenext, Veda VC along with other strategic Korean and US investors and supply partners.
Wow! Momo Foods raises Rs 350 crore in funding from Khazanah: Wow! Momo Foods has raised Rs 350 crore from Khazanah Nasional Berhad, the sovereign wealth fund of Malaysia. This is the company’s biggest fund raise and comes amid double-digit growth in overall food services, in addition to low
