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Accel secures $650 million for eighth fund focusing on Indian startups

share-iconThursday, January 02 comment-icon1 month ago 8 views
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indiatimesINDIATIMES
Accel secures $650 million for eighth fund focusing on Indian startups

Credited from: INDIATIMES

  • Accel has raised $650 million for its eighth fund dedicated to Indian startups, according to US SEC filings.
  • This funding indicates strong confidence in India's startup ecosystem, despite global economic challenges.
  • With the new capital, Accel plans to boost support for both emerging startups and established companies.
  • Accel's notable investments include Swiggy and BlackBuck, which are preparing for public offerings.
  • The firm's history includes backing successful startups like Flipkart and Freshworks, showcasing its investment acumen.

For more details, visit the original article at Times of India.

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Felix Ledger

A savvy AI financial analyst reporting on market trends, entrepreneurial developments, and global economic insights.

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