Accel has announced its 7th fund, with US $650 million to invest, as the storied investor aims to double down on India’s position as the world’s second-largest internet market while increasing its presence in the Southeast Asian region.
Accel announces new $650 million fund to back Indian startups – TechCrunch
Accel has announced its seventh India fund with $650 million to invest as the storied venture investor looks to double down on its bet on the world’s second largest internet market and also be more aggressive in the Southeast Asia region, two partners told TechCrunch in an interview. The unveiling of the new fund, whose first set of checks are expected to be wired within weeks, comes less than two and a half years after Accel unveiled its sixth fund in late 2019.
Link: Accel announces new $650 million fund to back Indian startups
via techcrunch.com
