(Weekly funding roundup Sept 12-18) Sharp fall in VC inflow
Venture capital funding into Indian startups saw a steep decline in the third week of September as the majority of the fund raise came from the very early stage category which generally accounts for a lower value. This is the seventh time in the year till now that VC funding on a weekly basis has come under the $100 million level and this reveals the challenges that the Indian startup continues to face in raising large amounts of capital. During this week, the two transactions of Flam and UGRO C