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VCGuy
Believe me, it’s not... • 6m
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. 📄A 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 💡Outside the US(134 inv. to date), India has been Accel's biggest focus(87 inv. to date). ⏭️Accel 2024 investments, sourced from Tracxn -
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