ETtech Deals Digest: Startups raise $225 million in second week of June, up 22% on-year - The Economic Times

SynopsisStartups secured $225 million in funding across 19 rounds during the second week of June, a 22% year-on-year increase. Hygenco Green Energies led deal activity with a $105 million round for green hydrogen projects.ETtechStartups raised $225 million across 19 rounds in the second week of June, up 22% year-on-year and 39% higher than the previous week. Gurugram-based green hydrogen and green ammonia production and distribution solutions provider Hygenco’s $105 million round led deal activity this week.Among investors, Finvolve was the most active, participating in deals involving QubeHealth, Integra, and Robotics.ETtech

Top dealsHygenco: Gurugram-based Hygenco Green Energies, founded by Amit Bansal, Anshul Gupta, and Aashish Gupta, has raised $105 million in equity funding from the International Finance Corporation (IFC), Siemens Financial Services, and Fullerton Carbon Action Fund. The round marks the first direct green hydrogen investment in India by all three institutions. IFC is investing $50 million, while Siemens Financial Services will contribute $25 million and Fullerton Carbon Action Fund up to $30 million. The funding will support the development of green hydrogen projects across India.ETtech