23-05-2025
ETtech Deals Digest: Startups raise $177.6 million this week; up 2.7 times on-year
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Startups raised around $177.6 million between May 17 and May 23, marking a 2.7 time increase compared to the same period last also represents a 12.7% increase from last week's total of $157.7 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 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 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 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 technology company Mythik, founded by former 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.
