ETtech Deals Digest: Cred’s mega round lifts startup funding to $1.09 billion this week, up 290% on-year

Indian startups secured a significant $1.09 billion in funding across 14 deals, with fintech giant Cred leading the charge with a massive $900 million round. This surge, primarily driven by late-stage investments, marks a substantial increase from previous weeks. Notable participants included Bessemer Venture Partners and Norwest, backing firms like Mitigata and Coval.ai respectively.