ETtech Deals Digest: Startup funding surges 505% YoY to $289 million this week
previous week’s funding total of $238.1 million.
This week, startups raised funding through 16 rounds compared to 26 rounds in the same period last year, when they raised a total of $47.7 million, according to data from Tracxn.
Jewellery retailer Bluestone’s Rs 900-crore financing round was the largest this week.
Top deals of the week:
Bluestone: Jewellery retailer Bluestone mopped up Rs 900 crore in a financing round. This round more than doubled the initial public offering (IPO)-bound firm’s valuation to Rs 8,100 crore. The firm is expected to file the draft red herring prospectus (DRHP) with the stock market regulator later this year.
Opkey: Artificial intelligence-based enterprise resource planning (ERP) platform Opkey raised $47 million in a series B funding round led by PeakSpan Capital.
Livpure: Water purifier brandLivpure raised Rs 208 crore in funding from M&G Investments through its catalyst investment strategy, along with an additional Rs 25 crore from Ncubate Capital Partners.
Hangyo: Mangaluru-based ice cream brand Hangyo Ice Cream raised Rs 211 crore from venture capital firm Faering Capital.
Even: Healthcare startup Even raised $20 million in a funding round led by Khosla Ventures.
