ETtech Deals Digest: Startups raise $177.6 million this week; up 2.7 times on-year

Live Events
Startups raised around $177.6 million between May 17 and May 23, marking a 2.7 time increase compared to the same period last year.This also represents a 12.7% increase from last week's total of $157.7 million.This week, startups across seed, early, and late stages raised funds through 15 deals, compared to 34 in the year-ago period, when they raised a total of $65.8 million, according to data from Tracxn.Electric commercial vehicle maker Euler Motors raised around $75 million in a funding round led by Hero MotoCorp . Existing investor British International Investment (BII), the UK government's development finance arm, also participated in the round.Tech-first hybrid healthcare platform, CureBay raised $21 million in a funding round led by Bertelsmann India Investments. The round also saw BII and existing investor Elevar Equity participate.Predictive cybersecurity Cloudsek raised $19 million in a fresh funding round led by Tenacity Ventures and Commvault. Others participating in the round include Inflexor Ventures, MassMutual Ventures and Prana Ventures, along with some strategic investors.Media technology company Mythik, founded by former Housing.com and Freecharge CEO Jason Kothari, raised $15 million in a funding round from Sakal Media Group, Venture Catalysts-backed VC Grid, actor Shah Rukh Khan's family office, and Visceral Capital, among others.

Try Our AI Features

Explore what Daily8 AI can do for you:

Learn with AIFact CheckingText to SpeechAI Summary

Related Articles

Time of India

2 hours ago

• Time of India

BluPine Energy secures Rs 2,416 cr debt for its FDRE project

BluPine Energy on Monday said it has secured Rs 2,416 crore debt financing for its 150 MW Firm and Dispatchable Renewable Energy (FDRE) Power Project in Aland, Karnataka. The project, undertaken by its wholly-owned subsidiary Solarcraft Power India 16 Pvt Ltd , is being developed under the SJVN 1,500 MW FDRE tender dated June 20, 2023, a company statement said. BluPine Energy Pvt Ltd (henceforth BluPine Energy), an Actis-backed leading renewable energy platform, today (Monday) announced the successful debt sanction of Rs 2,416 crore for its 150 MW FDRE Power Project in Aland, Karnataka, according to the statement. Standard Chartered acted as Mandated Lead Arranger, Lender, Sole Green Coordinator and Account Bank for the instant transaction. Sanjeev Bhatia, Chief Financial Officer, BluPine Energy, said, "This financial assistance facilitates us in building the need-of-hour FDRE projects- mix of solar, wind, and battery energy storage assets, which helps in overcoming intermittency of renewable energy sources and providing critical support to DISCOMs during peak demand hours." Live Events Prasad Hegde, Regional Head, Infrastructure & Development Finance Group, India and South Asia, Standard Chartered, said, "We are delighted to be the first port of call and primary relationship Bank to BluPine in India and ensure timely financial closure of their projects." This project is slated for commissioning in Calendar year 2026. Once operational, it will contribute significantly to India's renewable energy targets and support India's broader energy transition agenda. This shall facilitate the expansion of sustainable practices by reducing an expected 687,043 tonnes of CO₂ emmissions. Economic Times WhatsApp channel )

Time of India

3 hours ago

• Time of India

Walmart-backed PhonePe seeking to raise $1.5 billion from India IPO: Bloomberg

Walmart-backed Indian fintech firm PhonePe is preparing to file preliminary documents for its initial public offering to raise as much as $1.5 billion, Bloomberg News reported on Monday, citing people familiar with the matter. The IPO would value PhonePe at nearly $15 billion, the report said, adding that PhonePe is planning to file draft papers for the listing by August. Both PhonePe and Walmart did not immediately respond to Reuters' requests for comment. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Top 5 Gas Turbine Manufacturers Mexico (See The List) Turbines | Search ads Undo PhonePe is among the most widely used apps in India to make payments via the country's popular unified payments interface (UPI). It has more than 600 million registered users across 40 million merchants. It processes over 310 million online transactions daily. Live Events

Hindustan Times

3 hours ago

• Hindustan Times

‘Spoke Kannada after 2 years in city': Bengaluru man's post on plumber from Odisha goes viral

A Bengaluru resident's social media post about his interaction with a plumber from Odisha has gone viral for all the right reasons, drawing praise for the worker's effort to speak Kannada and for the professionalism displayed. The plumber, originally from Odisha, reportedly mentioned that he had been working in Bengaluru for the past two years. (This is an AI generated image) In a post shared on X (formerly Twitter), the user described how a plumber booked via Urban Company impressed him with both his punctuality and his ability to converse in beginner-level Kannada. The plumber, originally from Odisha, reportedly mentioned that he had been working in Bengaluru for the past two years and was still learning the local language. (Also Read: 'Tried to unzip my bag': Bengaluru woman confronts auto driver over alleged theft attempt, shares video) Check out his post here: 'He was on time and behaved professionally. This I have often observed in workers from that state,' the user wrote, appreciating the interaction. The post quickly gained traction, with several others chiming in with similar experiences. How did X users react? One user commented, 'Odisha people are nice. Probably my favourite after Kannadigas.' Another recounted a visit to a resort where Odia staff were able to converse comfortably in Kannada despite having been in the state for just over two years. Others noted how the trend of Odia workers learning Kannada has become increasingly visible in service sectors. 'We too recently got introduced to an Odia plumber. Living in Bengaluru since 15 years or so. Unless he tells you, you can't make out he's not a local… spoke flawless Kannada,' one user added. The post has struck a chord online, not only for highlighting cross-cultural adaptation but also for showcasing how some migrant workers are making sincere efforts to integrate into Karnataka's linguistic and cultural fabric. It comes at a time when there is growing discontent among many Kannadigas over migrants who are seen as unwilling to speak or learn Kannada. (Also Read: 'Bound to fail': Tejasvi Surya slams ₹ 18,000 crore Congress-backed tunnel project in Bengaluru)