ETtech Deals Digest: Startups raise $532.6 million this week; up 13x on-year

Startups raised around $532.6 million between April 5 and 11, marking a 13-fold increase compared to the same period last year.

This also represents a 71.9% increase from last week’s total of $309.7 million.

This week, startups across seed, early, and late stages raised funds through 27 deals, unchanged from the year-ago period, when they raised a total of $40.7 million, according to data from Tracxn.

Top deals of the week:

GreenLine: Essar Group venture GreenLine Mobility Solutions announced raising $275 million via equity issuance to scale its green logistics business focused on liquefied natural gas (LNG) and electric trucks.

Juspay: Payment aggregator Juspay closed a $60 million financing round led by domestic private equity fund Kedaara Capital, with existing investors SoftBank and Accel participating.

Tessell: Cloud database startup Tessell raised $60 million in its Series B funding round led by WestBridge Capital with participation from Lightspeed Venture Partners, among others.

Easebuzz: Digital payments player Easebuzz raised $30 million in a funding round led by Bessemer Venture Partners.