Accel Launches $305mn Indian Fund To Back Early Stage Startups

Accel is launching Accel India IV, a $305 million fund that like prior funds will invest in very early stage companies.accel
The fund will also continue to (selectively) pursue growth equity opportunities. The investment focus area will cover consumer, enterprise software, mobile and healthcare businesses – i.e. the entire gamut.
Accel is an investor in several companies like Flipkart, BookMyShow, CommonFloor, Forus, FreshDesk, Mitra Biotech, MuSigma, Myntra, Power2SME, Proptiger and TaxiForSure etc.
Disclosure: NextBigWhat also runs Pluggd.in, a startup funding platform.

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