With this, the venture capital firm's total investment commitment to India will reach close to $3 billion. It had raised another $650 million for its seventh round in March 2022.Accel, which earned a 35 times return on its $20 million investment in Swiggy after the food delivery platform's listing in November, is aiming to increase its focus towards India. Its investment in Blackbuck, which was also listed in November, has yielded gains of 4-5 times. It holds a stake in close to one-fifth of all unicorns in India. The firm was one of the early backers of Flipkart, Urban Company, Acko Insurance, Zetwerk, and BlueStone. It has now exited Flipkart, but BlueStone and Urban Company are looking to list on the Indian markets in the next 1-2 years.In India, Accel is also focusing on expanding to non-metro markets and addressing a wider base of entrepreneurs.

Accel raises $650 million for eighth India fund

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is the World's largest and fastest growing self-service, cross-platform digital newsstand with over 88 million users since its inception in 2011 and thousands of magazines and newspapers across 40+ categories and 60+ languages. Headquartered in New York, Magzter has its local presence in Amsterdam, London, Mexico City, Chennai, Mumbai, New Delhi, Bengaluru, Singapore, and will soon be expanding to other countries. Founded by global entrepreneurs, Girish Ramdas and Vijay Radhakrishnan in June 2011, Magzter enables magazine and newspaper publishers around the world to create and deliver digital editions of their titles to global consumers.

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which gives digital readers unlimited access to 9,000+ magazines and newspapers for a monthly subscription price. Magzter also has the largest number of stories in the world with its game-changing ezRead 2.0 feature for its apps, which enables smartphone and small-screen mobile users to enjoy magazine content the way it was meant to be enjoyed, with article text that is easy to read and is accompanied by stunning videos and high resolution photography.

{{magzter}} is the World's largest and fastest growing self-service, cross-platform digital newsstand with over 88 million users since its inception in 2011 and thousands of magazines and newspapers across 40+ categories and 60+ languages. Headquartered in New York, Magzter has its local presence in Amsterdam, London, Mexico City, Chennai, Mumbai, New Delhi, Bengaluru, Singapore, and will soon be expanding to other countries. Founded by global entrepreneurs, Girish Ramdas and Vijay Radhakrishnan in June 2011, Magzter enables magazine and newspaper publishers around the world to create and deliver digital editions of their titles to global consumers.