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With new $650 million war chest for India, Accel eyes AI, consumer, fintech, manufacturing startups

Economic Times

Economic Times · 7m ago

With new $650 million war chest for India, Accel eyes AI, consumer, fintech, manufacturing startups

Accel has announced a $650 million early-stage fund to support startups in AI, consumer, fintech, and manufacturing sectors in India and Southeast Asia. This marks Accel's eighth fund in the region, focusing on innovative, category-defining businesses. The venture capital firm aims to partner with bold founders at an inflection point in India's economic growth. Accel has a strong track record, investing in successful companies like Flipkart and Swiggy, and supports initiatives like SeedToScale and Accel Atoms.

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Accel eyes more IPOs in ‘standout’ market India this year

Economic Times

Economic Times · 7m ago

Accel eyes more IPOs in ‘standout’ market India this year

Accel is planning more IPOs in India this year, excited by opportunities in the Indian market, as global LPs see better exits and DPI. Having closed an eighth India-focused fund of $650 million, Accel is fostering startups like Swiggy and Flipkart. With increased global and domestic capital interest, they focus on aligning valuations with growth. Their investments span sectors like AI, fintech, and quick commerce, alongside traditional consumer internet and B2B commerce, leveraging emerging deep-tech and AI innovations.

Accel Raises $650 Million Fund to Back Start-Ups in AI, Fintech, and More

OutlookIndia

OutlookIndia · 6m ago

Accel Raises $650 Million Fund to Back Start-Ups in AI, Fintech, and More

Accel has raised a $650 million early-stage fund aimed at supporting start-ups in AI, fintech, manufacturing, and consumer sectors. The venture capital firm plans to empower founders to address real-world challenges and create impactful global solutions. With a focus on digital adoption in India, Accel aims to fund category-defining businesses leveraging AI talent, fintech innovation, and next-gen manufacturing technologies. Their goal is to contribute significantly to India's economic growth and global market presence.

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

YourStory

YourStory · 7m ago

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

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.

Accel rejigs India playbook, bets on IP-led manufacturing after previous misses

Livemint

Livemint · 4d ago

Accel rejigs India playbook, bets on IP-led manufacturing after previous misses

Accel is refocusing its strategy in India towards advanced manufacturing, targeting IP-driven startups in aerospace, EV components, and medical devices. This shift follows previous investments in climate tech and agritech that did not meet expected potential in India. Founding partner Prashanth Prakash notes that climate tech has not realized its potential, mirroring trends in other regions. Accel aims to make substantial investments from its recent $650-million fund into this new focus area.

Accel promotes Rachit Parekh, Pratik Agarwal to partner in India office

Economic Times

Economic Times · 3m ago

Accel promotes Rachit Parekh, Pratik Agarwal to partner in India office

Accel has promoted Rachit Parekh and Pratik Agarwal to partners at its India office, highlighting its strategy to nurture leadership internally. Since joining in 2019, both have significantly contributed to investment sourcing and supporting portfolios. This move aligns with Accel's expansion into areas like AI and fintech. The firm, known for early investments in companies like Flipkart and Swiggy, recently launched an $650 million India-focused fund to support startups from seed to scale.

Aerospace startup Sarla Aviation raises $10 Mn led by Accel

Entrackr

Entrackr · 6m ago

Aerospace startup Sarla Aviation raises $10 Mn led by Accel

Sarla Aviation, an aerospace startup developing electric aircraft for flying taxis, has secured $10 million in funding, led by Accel. Angel investors, including Flipkart co-founder Binny Bansal, Zerodha co-founder Nikhil Kamath, and Swiggy’s Sriharsha Majety, also participated in the round. Sarla Aviation intends to utilize the funds to establish a research and development center in Bengaluru. The company also plans to launch its flying taxis by 2028. Founded in 2024 by Adrian Schmidt, Rakesh Gaonkar, and Shivam Chauhan, the company is preparing to debut its first prototype, named Shunya, on January 17 at the Bharat Mobility Global Expo in New Delhi. The aircraft is built to carry up to 680 kilograms and accommodate six passengers, in addition to the pilot. Last year, Sarla Aviation partnered with Bengaluru International Airport to prepare for the rollout of its flying taxi service. The development follows Accel's launch of a $650 million eighth fund to support early-stage startups in India and Southeast Asia, focusing on enterprise AI, consumer services, fintech, and manufacturing.

Accel Closes Eighth Fund at $650M to Back European Israeli startups.

deepnewz

deepnewz · 1y ago

Accel Closes Eighth Fund at $650M to Back European Israeli startups.

Venture capital firm Accel has successfully closed its eighth fund, raising $650 million. The fund will be used to invest in early-stage startups in Europe and Israel. Accel, which has a track record of supporting successful companies like Monzo and Spotify, believes that the tech scene in Europe has grown significantly and this new fund aims to identify and support the next generation of successful startups in the region. This highlights the increasing confidence in European and Israeli startups as important players in the global tech ecosystem.

Mythik, Biostate AI, Zoca get funding; PaySprint eyes second tranche of Series A

VCCircle

VCCircle · 2m ago

Mythik, Biostate AI, Zoca get funding; PaySprint eyes second tranche of Series A

Mythik, Biostate AI, and Zoca have recently secured funding from various investors, including Accel and InfoEdge Ventures. Mythik raised $15 million for its entertainment technology business, aiming to promote Eastern mythology globally. Biostate AI received $12 million to enhance its RNA sequencing capabilities for precision medicine. Zoca garnered $6 million to expand its AI-driven marketing solutions. Meanwhile, fintech company PaySprint is preparing to raise an additional $3 million in its Series A funding round.

Accel bags $650M for new India fund with 131 investors

YourStory

YourStory · 7m ago

Accel bags $650M for new India fund with 131 investors

Venture capital firm Accel has raised $650 million for its eighth India fund with 131 undisclosed investors, mirroring its previous fund in 2022. Accel, a global VC firm with investments in over 300 companies like Facebook and Dropbox, operates in multiple countries, including India, since 2008. Accel recently realized significant returns from Swiggy's IPO and invested in startups like FirstClub. In 2024, India's tech funding grew 6%, led by late-stage investments.

Learnt at Flipkart to keep war chest ready: Sachin Bansal

Inshorts · 1y ago

Learnt at Flipkart to keep war chest ready: Sachin Bansal

Flipkart Co-founder Sachin Bansal said he learnt during his time at the e-commerce platform that capital is useful and one should "have a war chest ready always". He stated that his fintech startup Navi does not need money but is open to private equity investment. "It's always good to have capital to absorb the shocks," he added.

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