❗ Accel closes $650 million for new India fund Accel has raised $650 million for its eighth India fund, marking a significant expansion of its investment strategy in the South Asian market. This fund follows its previous one from March 2022. Accel has a strong track record in India, having invested in notable companies like Flipkart and Swiggy. The firm aims to capitalize on the evolving Indian startup landscape, which has seen increased public listings and a focus on rural markets. Accel remains one of the few Silicon Valley firms that maintains its Indian unit, contrasting with competitors like Sequoia and Matrix, who have separated their India operations. 💬 Source 📌 Powered by V3V Ventures