India 2016: Startup funding declines, but no let-up in deal volume

Many of the start-up stars of 2015—Flipkart, Snapdeal, Ola, Grofers, Oyo and Zomato—went into cost-cutting mode in 2016. Photo: Mint

India’s start-up ecosystem may have seen a fall in funding this year, but there’s been almost no let-up in the number of deals, highlighting that investor appetite is still strong.

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