Accel raises $650M for its eighth fund, maintaining focus on Indian startups amid growing investment.

Accel, a venture capital firm, has raised $650 million for its eighth fund focused on Indian startups, matching its seventh fund. The firm has previously invested in successful companies like Flipkart and Swiggy, gaining substantial returns. Accel's focus on India continues as the country sees increasing investment, with late-stage funding up 12.09% to $7.13 billion in 2024. The new fund aims to support both new and existing startups across India.

3 months ago
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