ETtech Deals Digest: Startups raise $60 million this week, down 79% on-year

Startups raised around $60.4 million between January 3 and January 10, a decline of 78.7% compared to the $283.6 million secured during the same period last year, according to data intelligence platform Tracxn.

This week’s tally, however, was 20.2% higher than the $50.2 million raised in the previous week.

This week’s tally, however, was 20.2% higher than the $50.2 million raised in the previous week.The deal activity also slowed significantly year-on-year (YoY), with 19 transactions recorded compared with 34 in the same week last year.