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VC Accel Nears Close Of Its 8th India Fund At $650 Mn

  • Accel India has raised $650 million for its eighth fund, while Accel's global growth fund has raised $1.35 billion.
  • The funds will be used to support Indian startups in their pre-IPO stages and increase investments in new and existing companies.
  • Accel's total investments in India will approach $3 billion, indicating a more active approach to deploying capital.
  • Accel has been an active investor in India since 2008, with investments in companies like Flipkart and Swiggy.

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