Fund News
Accel India raises $650-M for eighth fund
Accel India has raised USD 650 million for its eighth fund, while its global growth fund has raised USD 1.35 Billion. A portion of this will be invested in pre-IPO rounds of Indian startups, bringing Accel's total India commitments to nearly USD 3 Billion. This move comes as several Accel-backed companies, including Bluestone, are preparing for IPOs.The latest India fund will be used to double down on existing and new bets. The fund has announced plans to tap into non-metro markets. Accel is also likely to get more active across different stages of startups in deploying capital.
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