startup funding: ETtech Deals Digest: Startup funding down 80% to $144 million this week

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.

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%.

Discover the stories of your interest

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 price points and popularity of momos as a snack in India. The investment will be made through both primary infusion and secondary purchase from early-stage investors.

Fintech startup FinAGG raises $11 million: FinAGG Technologies, a fintech startup that provides working capital solutions to micro, small and medium enterprises, has raised $11 million in a Series A round of funding led by Schroders-backed BlueOrchard and Tata Capital.

Alt Mobility raises $6 million in funding: Electric vehicle leasing and lifecycle management platform Alt Mobility raised $6 million (nearly Rs 50 crore) in a funding round co-led by Shell Ventures, Eurazeo, EV2 Ventures and Twynam. UC Inclusive, Piper Serica, Pitchright and LetsVenture also participated in the round.

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.

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%.

Discover the stories of your interest

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 price points and popularity of momos as a snack in India. The investment will be made through both primary infusion and secondary purchase from early-stage investors.

Fintech startup FinAGG raises $11 million: FinAGG Technologies, a fintech startup that provides working capital solutions to micro, small and medium enterprises, has raised $11 million in a Series A round of funding led by Schroders-backed BlueOrchard and Tata Capital.

Alt Mobility raises $6 million in funding: Electric vehicle leasing and lifecycle management platform Alt Mobility raised $6 million (nearly Rs 50 crore) in a funding round co-led by Shell Ventures, Eurazeo, EV2 Ventures and Twynam. UC Inclusive, Piper Serica, Pitchright and LetsVenture also participated in the round.