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Accel launches another $650M fund to fuel early-stage startups

YourStory · 3m

Venture capital firm Accel has launched its eighth fund, allotting $650 million to support early-stage Indian startups. This new fund has attracted participation from 131 undisclosed investors and targets sectors like enterprise AI, consumer companies, and wealth management startups. Accel, known for backing major firms like Facebook and Flipkart, aims to leverage the current market scenario where public and private markets offer opportunities for creating transformative businesses amid a lag in early-stage funding.