ETtech Deals Digest: Startups raise $1 billion in April, down 12% on-year

Startups raised about $1.02 billion in funding between April 1 and 30, marking a 11.7% decline from the same period last year, when they had raised a total of $1.16 billion across 116 rounds.

This month, startups, primarily in the early and late stages, secured funding through 104 rounds, according to data from market intelligence platform Tracxn.

In March 2025, startups raised around $2.1 billion from 85 rounds.

Last week—from April 26 to May 2—startups raised around $194.7 million.


Top deals of the month

GreenLine: Essar Group venture GreenLine Mobility Solutions announced raising $275 million via equity issuance to scale its green logistics business focussed on liquefied natural gas (LNG) and electric trucks.

Veza: Identity security startup Veza raised $108 million in a funding round led by global venture capital (VC) firm New Enterprise Associates. The round also saw participation from new investors Atlassian Ventures, Workday Ventures, and Snowflake Ventures, along with all existing investors, Accel, Google Ventures (GV), True Ventures, Norwest, Ballistic Ventures, J P Morgan, and Blackstone Innovations Investments.

Juspay: Payment aggregator Juspay closed a $60 million financing round led by domestic private equity (PE) fund Kedaara Capital, along with existing investors SoftBank and Accel participating.

Tessell: Cloud database startup Tessell raised $60 million in its Series B funding round led by WestBridge Capital with participation from Lightspeed Venture Partners, among others.

Scapia: Travel-focussed fintech startup Scapia, founded by former Flipkart senior executive Anil Goteti, raised $40 million in a funding round led by Peak XV Partners, with existing investors Elevation Capital, Z47, and 3State Capital participating.