ETtech Deals Digest: Startups raise $309.7 million this week; up 3.3x on-year

Startups raised around $309.7 million between March 29 and April 4, marking an almost 3.3 times increase compared to the same period last year.

This also represents a 17.9% increase from last week’s total of $262.7 million.

This week, startups across seed, early, and late stages raised funds through 25 deals, compared to 75 deals in the year-ago period, when they raised a total of $92.1 million, according to data from Tracxn.

Top deals for the week:

Spinny: Gurugram-based used-car sales platform Spinny closed a $131 million funding round led by US-based Accel Leaders Fund at a flat valuation of around $1.7-1.8 billion.

Scapia: Travel-focused fintech startup Scapia, founded by former Flipkart senior executive Anil Goteti, raised $40 million in a funding round led by Peak XV Partners, with existing investors Elevation Capital, Z47, and 3State Capital participating.

Infinity Fincorp: Mumbai-based non-banking finance company (NBFC) Infinity Fincorp raised $40 million in an extended Series A funding round led by Beams Fintech Fund.

Pratilipi: Digital storytelling platform Pratilipi closed a $20 million round led by Jungle Ventures.