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Vercel Raises $250M in Series E Led by Accel at $3.25B valuation.

deepnewz

deepnewz · 1y ago

Vercel Raises $250M in Series E Led by Accel at $3.25B valuation.

Vercel, the company behind Next.js framework, has raised $250 million in a Series E funding round led by Accel, valuing the company at $3.25 billion. The funds will be utilized for innovation in AI, security, and enhancing web experiences and applications. Vercel has also reported crossing $100 million in annual revenue. Existing investors including CRV, GV, and Tiger Global also participated in the funding round.

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Indian grocery startup Citymall raises $47M to challenge ultra-fast delivery giants | TechCrunch

TechCrunch · 1m ago

Indian grocery startup Citymall raises $47M to challenge ultra-fast delivery giants | TechCrunch

Citymall, an Indian e-commerce startup, raised $47 million in Series D funding led by Accel, maintaining a $320 million valuation. Focused on tier 2 and 3 towns, Citymall delivers budget-friendly groceries by targeting value-conscious customers making planned purchases. Unlike quick commerce rivals, Citymall offers goods at lower prices without delivery fees, typically delivering in a day. Operating in 60 cities, it aims to expand, leveraging community leaders and supply chain efficiencies for competitive advantage.

Database startup Supabase notches $5 billion valuation in funding round - The Economic Times

Economic Times

Economic Times · 26d ago

Database startup Supabase notches $5 billion valuation in funding round - The Economic Times

Open-source database startup Supabase raised $100 million in a Series E funding round, significantly boosting its valuation to $5 billion. Led by venture capital firms Accel and Peak XV, with participation from Figma Ventures and others, this round follows closely on the heels of a Series D round that valued the company at $2 billion. Supabase's rapid increase in valuation highlights growing investor confidence and interest in open-source database solutions.

Linear Raises $82 Million Series C Led by Accel at $1.25 Billion Valuation to Advance AI-Driven Software Collaboration | DeepNewz VC

Business Bytes

Business Bytes · 4m ago

Linear Raises $82 Million Series C Led by Accel at $1.25 Billion Valuation to Advance AI-Driven Software Collaboration | DeepNewz VC

Linear has raised $82 million in a Series C funding round, achieving a $1.25 billion valuation. Led by Accel, this new investment will help Linear advance its AI-driven tools aimed at streamlining team coordination. The company remains committed to deliberate, quality-focused growth, positioning itself as a key player in enhancing modern team workflows.

Linear Raises $82 Million Series C Led by Accel at $1.25 Billion Valuation to Advance AI-Driven Software Collaboration | DeepNewz VC

Business Bytes

Business Bytes · 4m ago

Linear Raises $82 Million Series C Led by Accel at $1.25 Billion Valuation to Advance AI-Driven Software Collaboration | DeepNewz VC

Linear has raised $82 million in a Series C funding round, achieving a $1.25 billion valuation. The funding, led by Accel, aims to advance AI coordination for modern teams and their agents. Linear focuses on deliberate development, prioritizing quality over convention, and plans to scale this approach.

Eruditus raises $150 mn from Chan Zuckerberg Initiative, others

Inshorts · 1y ago

Eruditus raises $150 mn from Chan Zuckerberg Initiative, others

Edtech unicorn Eruditus has raised $150 million in a funding round led by private equity firm TPG at a valuation of around $3 billion. Softbank, Accel, CPP Investments and Chan Zuckerberg Initiative were among the other participants in the round. Eruditus CEO Ashwin Damera said the startup will also initiate plans to move its domicile to India from Singapore.

Exclusive: Stanza Living to raise $32 Mn from Accel, Motilal Oswal in down round

Entrackr

Entrackr · 2d ago

Exclusive: Stanza Living to raise $32 Mn from Accel, Motilal Oswal in down round

Exclusive: Stanza Living to raise $32 Mn from Accel, Motilal Oswal in down round Managed accommodation provider Stanza Living is all set to raise Rs 282.76 crore (approximately $32 million) in its Series B round led by existing investor Accel with the participation of Motilal Oswal. Earlier in August 2025, Stanza Living raised Rs 60 crore in debt funding from Alteria Capital and Innoven Capital. The debt infusion was exclusively reported by Entrackr. The board at Stanza Living passed a resolution to approve the issue of 5,313 Series E CCPS at an issue price of Rs 5,32,205.8 each to raise the aforementioned amount, its regulatory filing accessed from the Registrar of Companies (RoC) shows. Accel led the round with an investment of Rs 222.78 crore ($25.3 million), while Motilal Oswal is set to join the company’s cap table with Rs 60 crore ($6.8 million). The company has already received funds from Accel, while Motilal Oswal’s investment is expected shortly. According to Entrackr’s estimates, Stanza Living’s valuation has dropped by about 28% to around Rs 2,812 crore ($320 million), compared to its previous valuation of Rs 3,900 crore when it raised $13 million in May last year. Founded in 2017, Stanza Living is a managed accommodation platform that provides hassle-free housing solutions for students and young professionals relocating to new cities. The Delhi-based startup claims to manage over 75,000 beds across 24 cities in India. Prior to this round, Stanza Living has raised more than $240 million through multiple debt and equity rounds from investors including Alpha Wave, Peak XV Partners, Accel, and Z47, according to data from startup intelligence platform TheKredible. The Accel-backed company is yet to file its FY25 financials. In FY24, it reported operating revenue of Rs 584 crore and reduced its losses by 45% to Rs 273 crore during the year.

Exclusive: B2B robotics startup Haber raises $38 Mn in Series C

Entrackr

Entrackr · 1y ago

Exclusive: B2B robotics startup Haber raises $38 Mn in Series C

Industrial robotics maker Haber has raised Rs 317.2 crore (approximately $38 million) in its Series C round, led by Creaegis with participation from Accel India and BEENEXT Capital. This new round materialized for the Pune-based company after a three-year gap. The board at Haber has passed a special resolution to issue 100 equity shares and 457,572 Series C preference shares to raise the above sum, according to regulatory filings accessed by Entrackr. Creaegis led the round with Rs 200.35 crore, while Beenext and Accel participated with Rs 83.5 crore and Rs 33.4 crore, respectively. The investment will support the company’s expansion, growth, and other capital requirements. According to TheKredible, Haber’s post-allotment valuation is approximately Rs 1,242 crore ($148 million). Haber develops AI-powered industrial robots that automate labor-intensive tasks like sample collection, measurement, analysis, and intervention in factories. According to its website, Haber helps industries reduce chemical consumption as well as energy and water usage across sectors such as food and beverages, agriculture, and oil and gas. The company has raised over $65 million to date, including a $20 million Series B round led by Ascent Capital with participation from Accel, Elevation, and Beenext in November 2021. Accel is the largest external stakeholder with an 18.1% stake, followed by Creaegis and Elevation. Head to TheKredible for the complete shareholding breakup. While FY24 numbers are yet to be disclosed, Haber reported a total revenue of Rs 82 crore and a loss of Rs 36.7 crore in FY23. It directly competes with Prosus-backed Detect Technologies, Altizon, and Fero Labs, among others.

Four months after a $3B valuation, Harvey AI grows to $5B | TechCrunch

TechCrunch · 4m ago

Four months after a $3B valuation, Harvey AI grows to $5B | TechCrunch

Harvey AI, a startup specializing in legal automation, has raised $300 million in Series E funding, reaching a $5 billion valuation. The funding round was led by Kleiner Perkins and Coatue, among others. This follows a recent $300 million Series D round at a $3 billion valuation. Harvey plans to double its 340 employees, aiming to extend AI solutions beyond legal work. The company serves 337 legal clients and has a growing annualized revenue run-rate of $75 million.

Udaan raises $340 Mn in Series E round

Entrackr

Entrackr · 1y ago

Udaan raises $340 Mn in Series E round

Udaan has secured $340 million in a Series E funding round led by M&G Plc. The investment will be utilized to enhance customer experience, expand market reach, and strengthen strategic vendor partnerships, as well as bolster the company's supply-chain and credit capabilities. Udaan's co-founder and CEO, Vaibhav Gupta, stated that this funding brings them closer to being ready for the public market in the next 12-18 months. The exact valuation of the company has not been disclosed, but it was previously valued at around $3 billion.

Vehicle software supplier Applied Intuition raises $250 mln at $6 bln valuation

Reuters · 1y ago

Vehicle software supplier Applied Intuition raises $250 mln at $6 bln valuation

U.S.-based vehicle software supplier Applied Intuition has raised $250 million in its Series E funding round, resulting in a valuation of $6 billion. The funding was led by Lux Capital and angel investor Elad Gil, along with Porsche Investments Management. Applied Intuition plans to use the financing to invest in generative artificial intelligence (AI), aiming to strengthen Porsche's expertise in software and customer experience.

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