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Economic Times

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Image Credit: Economic Times

ETtech Deals Digest: Indian startups raise $177 million this week, led by EV and healthtech bets

  • Indian startups raised about $177.6 million during the week of May 17 to May 23, showing a significant increase from last year.
  • Number of deals fell to 15 from 34 in the corresponding week a year ago, indicating investor caution and focus on high-conviction bets.
  • Top deals included Euler Motors raising $75 million led by Hero MotoCorp and CureBay raising $21 million.
  • Cloudsek raised $19 million in a funding round led by Tenacity Ventures and Commvault, and Mythik secured $15 million in funding.

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