ETtech Deals Digest: Startups raise $83 million this week, down 41% on-year

Startups raised around $83.1 million between September 6 and 12, a 40.8% decrease from the $140.3 million raised during the same period last year, according to data from Tracxn.

The tally was also 53.9% less than the $180.3 million raised the previous week.

Deal activity, too, halved on a year-on-year (YoY) basis, with 21 transactions recorded this week compared with 43 a year earlier.