Accel Closes Eighth India Fund With $650 Mn Pool
Business Standard|January 02, 2025
Accel, the venture capital firm backing startups like Flipkart and Swiggy, has raised $650 million (₹5,500 crore) for its eighth India fund, regulatory filings with the US Securities and Exchange Commission (SEC) showed.
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Accel Closes Eighth India Fund With $650 Mn Pool

The size of the eighth fund is the same as the seventh round raised in 2022.

After this round, the firm's total investment commitment in India will be nearly $3 billion.

Accel's US-based global growth fund also closed its latest round, raising $1.35 billion. A portion of this will be allocated to Indian startups, especially those in pre-IPO stages.

An Accel spokesperson did not comment on the fund closing.

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