🔵 Accel could raise billions for India, but it’s sticking to $650 million Accel has opted to maintain its India fund size at $650 million for its eighth vehicle, despite opportunities to raise significantly more. Partner Shekhar Kirani explained that while other firms are increasing their funds, Accel believes that exceeding $650 million makes it challenging to generate high-quality returns. The firm has a history of strong performance in India, exemplified by early investments in successful startups like Swiggy. Accel's strategy focuses on investing in approximately 40 companies annually from a pool of around 300 emerging startups. The firm is particularly interested in wealthtech and AI-driven software companies, as well as opportunities in smaller towns and villages, which it refers to as "Bharat." This approach aims to tap into the significant spending power of the top income quintile in these areas. 💬 Source 📌 Powered by V3V Ventures