Accel closes $650 million for new India fund | TechCrunch

Image for article Accel closes $650 million for new India fund | TechCrunch
News Source : TechCrunch

News Summary

  • The new fund follows the firm’s seventh India fund secured in March 2022
  • Accel has backed companies including e-commerce group Flipkart, food delivery platform Swiggy, and software group Freshworks
  • The firm has recently deepened its focus toward rural India, betting against conventional wisdom that businesses serving affluent consumers can achieve sustainable success
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 firms seventh India fund secured [+1792 chars]

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