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The volatility in the funding momentum across the Indian startup ecosystem continued in the final week of May. After gathering steam, investment activity slumped again this week.
Between May 26 and 31, 15 startups managed to raise $92.9 Mn, marking a 60% decline from the $231.7 Mn raised across 16 deals last week.
However, despite the muted funding trends, the week saw the third Indian startup joining the unicorn race this year. Pet food startup Drools entered into the unicorn club via a…
