Accel Closes $650 Million for New India Fund
By Manish Singh
Accel has raised $650 million for its eighth India fund as the U.S. venture firm expands its investment strategy in the South Asian market.
The new fund follows the firm’s seventh India fund secured in March 2022. Accel — which has backed companies including e-commerce group Flipkart, food delivery platform Swiggy, and software group Freshworks — has established itself as India’s most successful venture firm, serving as the first institutional investor in its portfolio companies.
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Source: TechCrunch (link opens in a new window)
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