Accel, which backs companies like Flipkart, Swiggy, Urban Company, ACKO, and others, has secured $650 million for its latest India-focused fund, according to a securities filing originally reported by The Information, after unveiling its $650 million eighth European fund in May 2024. After its seventh India-focused fund, which closed in 2022 and was likewise $650 million, Accel will now have eight funds devoted to India.
Accel, which backs companies like Flipkart, Swiggy, Urban Company, ACKO, and others, has secured $650 million for its latest India-focused fund, according to a securities filing originally reported by The Information, after unveiling its $650 million eighth European fund in May 2024. After its seventh India-focused fund, which closed in 2022 and was likewise $650 million, Accel will now have eight funds devoted to India.