ETtech Deals Digest: Startups raise $216 million this week, up two-fold on-year

Startups raised around $216.1 million between January 11 and 17, reflecting an almost two-fold increase compared to the same period last year.

This week, startups across seed, early, and late stages raised funds through 28 deals, down from 39 during the same period last year, when the total funding amounted to $106 million, according to data intelligence platform Tracxn.Top deals of the week

Netradyne: SoftBank-backed Netradyne, a fleet safety and video telematics solutions provider, secured $90 million in equity funding in a round led by Point72 Private Investments with participation from Qualcomm Ventures and Pavilion Capital.

Foxtale: Mumbai-based skincare brand Foxtale raised $30 million in a funding round led by Japanese beauty products company Kose Corporation.

BGauss: Electric two-wheeler manufacturer BGauss raised Rs $19.3 million in funding from the Bharat Value Fund (BVF).

MicroMitti: Proptech startup MicroMitti raised $10.4 million in funding from domestic high net worth individuals (HNIs) and family offices, among others.

Sarla Aviation: Aerospace startup Sarla Aviation, which is developing an electric aircraft to be used as flying taxis, has raised $10 million in a funding round led by Accel. Angel investors including Flipkart cofounder Binny Bansal, Zerodha cofounder Nikhil Kamath and Swiggy’s Sriharsha Majety also participated in the round.