ETtech Deals Digest: Startups raise $122 million this week, down 5% on-year

Startups raised around $122 million in the week ending May 22, down 5% from the $129 million secured during the same period last year, according to data intelligence platform Tracxn.

This week’s tally, however, was down 84% from the previous week when startups raised around $789.8 million, thanks to Rapido’s mega $730 million round.