ETtech Deals Digest: Startups raise $400 million this week, up 7x on-year

Startups raised around $400.4 million between January 17 and 23, a nearly seven-fold increase from the $59.5 million secured during the same period last year, according to data intelligence platform Tracxn.

This week’s tally was more than double the $190.7 million raised in the previous week, driven by investments across sectors such as electric vehicles (EVs), artificial intelligence (AI), financial services, robotics, and consumer brands.