ETtech Deal Digest: Startups Raise $297.5M This Week, Up 208% YoY

However, the funding amount was 33% less than last week’s $446 million.

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However, transaction activity was down year-on-year, with 22 transactions recorded this week compared to 36 a year earlier.

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Best deals

MoEngage: Enterprise software-as-a-service (SaaS) company MoEngage has closed a $100 million funding round led by A91 Partners and existing investor Goldman Sachs Alternatives. Of the total financing, 60% was primary equity, and the rest was a secondary sale of shares by existing patrons.

Giga AI: Artificial intelligence (AI)-led support automation company Giga AI has raised $61 million in a funding round led by Redpoint Ventures. The San Francisco-based company’s funding made waves in the tech ecosystem as co-founders, IIT Kharagpur alumni Varun Vumadi and Esha Manideep, shared on LinkedIn their startup journey after leaving behind prolific academic and corporate careers.

Canton Lighthouse: Investment firm Lighthouse Canton has raised $40 million in its first-ever outside funding round, led by Peak XV Partners.

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