ETtech Deals Digest: This week, startups raised $725 million, a five-fold increase year-over-year

Indian startups witnessed a sharp surge in funding activity between February 14 and February 20, raising approximately $725.4 million, according to data intelligence platform Tracxn. The amount marks a nearly five-fold increase compared to the $157.4 million secured during the same period last year. However, the weekly total was slightly lower than the $739.7 million raised in the preceding week this year.

Despite the significant jump in capital inflow year-on-year, deal activity moderated during the week. A total of 32 transactions were recorded, down from 42 deals in the corresponding period last year.

Top Deals of the Week

Neysa led the funding charts after US alternative asset manager Blackstone announced it would spearhead a $1.2 billion investment in the cloud infrastructure startup. The investment will be split evenly between $600 million in primary equity and $600 million in debt. Only the equity portion has been counted in the weekly funding tally. The round also attracted participation from TVS Capital, 360 One Asset Management, and existing investor Nexus Venture Partners.

Stable Money, a fixed-income investment platform, secured $25 million in a funding round led by Peak XV Partners. The round also saw participation from existing backers Fundamentum Partnership, Z47 (formerly Matrix Partners India), and RTP Global.

Meanwhile, electric vehicle charging startup Statiq raised $18 million in fresh funding led by Tenacity Ventures. Existing investors Y Combinator, Shell Ventures, and RCD Holdings also participated in the round.

The week’s funding momentum underscores continued investor interest in sectors such as cloud infrastructure, fintech, and electric mobility, even as overall deal volumes show signs of moderation.