ETtech Deals Digest: Startups close $676 million in funding this week, up 10x on-year

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Startups closed around $676.1 million between October 11 and 17, a 10-fold increase from the $67.3 million raised during the same period last year, on the heels of a quick commerce platform’s $450 million funding round.

The tally was also more than two-fold from the $316.1 million raised the previous week.

The number of deals, however, dropped on a year-on-year (YoY) basis, with 20 transactions recorded this week compared with 33 a year earlier.

Top deals of the week

Zepto: Quick commerce platform Zepto…



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ETtech Deals Digest: Startups close $676 million in funding this week, up 10x on-year


Startups closed around $676.1 million between October 11 and 17, a 10-fold increase from the $67.3 million raised during the same period last year, on the heels of a quick commerce platform’s $450 million funding round.

The tally was also more than two-fold from the $316.1 million raised the previous week.

The number of deals, however, dropped on a year-on-year (YoY) basis, with 20 transactions recorded this week compared with 33 a year earlier.

Top deals of the week

Zepto: Quick commerce platform Zepto…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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