TRACXN TECH

Welcome to a brand new edition of ETtech Unwrapped – our weekend newsletter packed with the most important stories that we covered this week. Here’s a recap if you missed them.

Startup Inc’s calls to do away with angel tax have found support from the government. This and more in today’s ETtech Top 5.

The fintech sector saw a nearly 60% slump in funding for the first six months of 2024. Startups in the space raised $795 million during this period, as against $1.9 billion in the first half of 2023.

The Security and Exchange Board of India (Sebi) has approved a regulatory framework for financial influencers. This and more today’s ETtech Top 5.

Indian tech startups raised USD 4.1 billion in H1 2024, 4% higher than H2 2023, remaining fourth-highest funded country globally. Insights from Tracxn report highlighted funding trends and volumes in the Indian tech startup landscape.

Happy Tuesday! Tech-first broking companies are looking to diversify into the credit business to build a larger financial services play. This and more in today’s ETtech Morning Dispatch.

New-age startups raised $817.2 million in May 2024, up 62% from last year, with top investor Venture Catalysts leading funding rounds for startups like Zypp Electric.

Edtech unicorn Unacademy has changed the target for its cofounders Gaurav Munjal and Hemesh Singh to access additional voting rights through bonus shares issued to them in 2022. Industry sources said this move throws light on Unacademy’s changing am...

Data from market intelligence platform Tracxn reveals a new trend in Indian startups. While overall funding for startups declined in the first three months of 2024, late-stage funding (for more established companies) saw a dramatic increase, more th...

This is Pratik Bhakta in Bengaluru. Insurance startup Digit, by valuing itself at a discount of 25% to its last known private market valuation, seems to have stuck its neck out. And it’s a move that’s certainly got everyone talking.

Tech VC in funding talks with portfolio co Icertis, which is stitching up a $150m secondary round

In terms of deal volume in the month, total deals stood at 78, compared to 95 in March 2024 and 113 in April 2023. Sequentially, deal value went down about 26% from $765 million to $563.5 million.

New-age tech companies raised a total of $409 million in November across 63 rounds, according to data from market research firm Tracxn. Overall funding for the month was down 40% in terms of value compared to a year earlier, when startups raked in $...

A majority share -- $45.2 million -- of the total funding went to early-stage startups, making up 57% of the total weekly funding. Late-stage startups saw $30 million being pumped in as investments, while seed-stage companies received a mere $4.8 mi...

The governments want incubators to be less dependant on grants and instead find other sustainable business models.

Indian startups secured $146 million in funding across 22 rounds this week, down 70% from last year’s $494 million across 46 rounds, according to market research firm Tracxn.

The report, dated Wednesday (September 27) further indicated a 33% reduction in late-stage funding rounds, and drastic declines of 74% and 75% in early-stage and seed-stage funding, respectively, compared with the same quarter a year earlier.

Ahead of the ET Soonicorns Summit 2023, to be held on August 26 in Bengaluru and later at Delhi NCR, we reveal the key themes and the power-packed tracks focused on creating a blueprint for building a resilient startup ecosystem and tracking the nex...

Startups managed to raise only $55 million across 16 funding rounds during the week of July 8 to 14, a decline of 89% over the same period last year, when they raised $516 million across 65 rounds, according to data provided by market research firm ...