ETtech Deals Digest: Startups raise $221 million this week, down 45% on-year
Startups raised around $221.4 million during the week of June 28 to July 4, marking a 45.1% drop from the $403.1 million raised during the same period last year, according to data from Tracxn.
The amount also marked a 19.9% decrease over the $276.3 million raised last week.
Deal activity, too, remained muted this week, with 19 transactions recorded during the period. This was less than half of the 48 deals seen in the corresponding week last year.
Top deals of the week
Jumbotail: Business-to-business (B2B) ecommerce marketplace Jumbotail raised $120 million in a funding round led by SC Ventures, the investment arm of financial services company Standard Chartered. The Bengaluru-based company is now valued at over $1 billion on a post-money basis, becoming the fifth startup to enter the unicorn club in 2025.
AppsForBharat: AppsForBharat, the parent company of devotional platform Sri Mandir, raised $20 million in a funding round led by Susquehanna Asia Venture Capital. The round also saw participation from other existing investors, Nandan Nilekani’s Fundamentum, Elevation Capital, and Peak XV Partners.
Eggoz: Egg-focussed consumer brand Eggoz raised $20 million in a funding round led by Gaja Capital. Existing backers IvyCap Ventures, Rebright Partners, Avaana Capital, Merisis Opportunities Fund, Nabventures, Blue Dot Capital, and Artek Chemicals also participated in the round.
Aukera: Lab-grown diamond jewellery company Aukera raised $15 million in its latest funding round led by Peak XV Partners. Existing investors Fireside Ventures, Sparrow Capital, Prath Ventures, and Alteria Capital also participated in the round.
The amount also marked a 19.9% decrease over the $276.3 million raised last week.
Deal activity, too, remained muted this week, with 19 transactions recorded during the period. This was less than half of the 48 deals seen in the corresponding week last year.
Top deals of the week
Jumbotail: Business-to-business (B2B) ecommerce marketplace Jumbotail raised $120 million in a funding round led by SC Ventures, the investment arm of financial services company Standard Chartered. The Bengaluru-based company is now valued at over $1 billion on a post-money basis, becoming the fifth startup to enter the unicorn club in 2025.
AppsForBharat: AppsForBharat, the parent company of devotional platform Sri Mandir, raised $20 million in a funding round led by Susquehanna Asia Venture Capital. The round also saw participation from other existing investors, Nandan Nilekani’s Fundamentum, Elevation Capital, and Peak XV Partners.
Eggoz: Egg-focussed consumer brand Eggoz raised $20 million in a funding round led by Gaja Capital. Existing backers IvyCap Ventures, Rebright Partners, Avaana Capital, Merisis Opportunities Fund, Nabventures, Blue Dot Capital, and Artek Chemicals also participated in the round.
Aukera: Lab-grown diamond jewellery company Aukera raised $15 million in its latest funding round led by Peak XV Partners. Existing investors Fireside Ventures, Sparrow Capital, Prath Ventures, and Alteria Capital also participated in the round.
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