Believe me, itās not...Ā ā¢Ā 7m
Accel closed its 8th India fund with a $ 650 M corpus. Since entering India in 2008, Accel has been a key investor in some of the most influential startups. šA few early investments of Accel that have become behemoths today - - Myntra: Seed inv. in October 2007, raised from Erasmic Venture Fund(merged with Accel) - Flipkart: Led a $800k seed in June 2008, reportedly exited with returns of ~20-25x - Freshworks: $1 M Series A in 2011, participated in every follow-on round before FW went public. Reportedly owns a $2.7 - $3 B stake. - Swiggy: A $2 M cheque in Feb 2015, with follow-ons amounting to ~75 M, returns of ~35x - Ola Cabs: Inv in Mar 2015 in a series E of $403 M š”Outside the US(134 inv. to date), India has been Accel's biggest focus(87 inv. to date). āļøAccel 2024 investments, sourced from Tracxn -
Believe me, itās not...Ā ā¢Ā 4m
Accel in India has come a long way. Entered 2008ā acq. Erasmic Venture Fund ātransforming EVFās $10 M seed fund into 'Accel Venture Fund I'. Fund II closed in 08' with $60 M. Fast forward to today, the latest fund has 10xāed, closed at a $650 M co
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Swiggy's upcoming IPO will be a multibagger win for early VC investors. šÆDetailed insights will be available once their DRHP is public, but if you look at the history - - Elevation Capital: Investment of $5.9 M turned into $61.8 M (~10x returns) -
See MoreStartup Honor - Your...Ā ā¢Ā 7m
With $650 million in investor commitments, Accel, an early-stage investor of Flipkart and Swiggy, has closed its eighth fund dedicated to India. With this, Accel will have committed over $3 billion in investments in India overall, as per reported by
See MoreFcuk imposter syndro...Ā ā¢Ā 3m
Perplexity AI is reportedly closing in on a $500 million funding round at a $14 billion valuation. Thatās nearly 5x growth in under a year. š Summary ā Perplexity in talks for $500M @ $14B ā Accel to lead round ā ARR just under $100M ā Competing
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