ETtech Deals Digest: Startups raise $191 million this week, down 51% on-year

Startups raised around $190.7 million between January 10 and 16, a decline of 50.6% compared to the $386.2 million secured during the same period last year, according to data intelligence platform Tracxn.

This week’s tally, however, was more than three times the $60.4 million raised in the previous week.

ETtech

The deal activity also slowed significantly year-on-year (YoY), with 27 transactions recorded compared with 54 in the same week last year.

Top deals of the week

PeeSafe: Women’s hygiene and wellness brand Pee Safe has closed a $32 million round with OrbiMed, a global healthcare-focussed private equity firm. The funding round was a mix of primary capital and secondary sales by early investors.