ETtech Deals Digest: Funding drought persists as startups raise just Rs1.06 billion in May

Indian startups managed to raise just Rs1.06 billion in May, according to data provided by market intelligence firm Tracxn, with the flow from funding taps thinning down to a trickle.Funding activity saw a 69% decline yearonyear from the Rs3.42 billion raised by startups in May 2022.