ETtech Deals Digest: Startups raise $157 million this week, down 32% on-year

Startups raised around $157.3 million between February 28 and March 6, a decline of 32.2% compared to the $231.9 million secured during the same period last year, according to data intelligence platform Tracxn.

This week’s tally was around 3.3% more than the $152.2 million raised in the previous week this year.

The deal activity also slowed significantly this week, with 23 transactions recorded compared with 50 in the same week last year.