Accel closes $60M India fund
Silicon Valley venture firm Accel has successfully established a beachhead in India, completing an expected $60 million close for a fund called Accel India that will invest in seed and early-stage startups in the country.
The effort is most notable because many Silicon Valley firms stick to growth investments in successful Indian companies — a fairly safe bet, given the high growth rate of the country’s economy. According to Accel, seed and early stage investing represents… Continue Reading
Accel opens an Indian outpost, with an eye toward $60M raise
Venture capital is streaming to India. The latest fund to add its chips to the pile is Accel Partners, a successful Palo Alto firm that already has outposts in the United Kingdom and China.
Accel, rather than beginning from scratch, is taking over a local firm called Erasmic Venture Fund. Four of Erasmic’s existing partners will stay on to run Accel India, with a focus on seed and early stage investments.
That focus is a bit of… Continue Reading