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Accel could raise billions for India, but it’s sticking to $650 million
Accel has maintained its India fund size at $650 million for its eighth vehicle, even as other venture firms in the region are racing to raise Accel has maintained its India fund size at $650 million even as other VCs in the region are racing to raise increasingly larger pools of capital.
Accel has maintained its India fund size at$650 million for its eighth vehicle, even as other venture firms in the region are racing to raise increasingly larger pools of capital. One of the places where this strategy is apparent is when the Accel team in India is able to pull in the global growth fund to write a larger check in an Indian startup, said Daniel. The firm, backer of Flipkart, Myntra and Freshworks, is betting on wealthtech startups in urban India and software companies building niche products on AI platforms.
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