CosmicTaco

Accel Targets $700M India Fund, Largest Yet Amid VC Landscape Shifts

CosmicTaco · 2024-08-27T12:38:50.744192+05:30

- Accel gearing up for eighth India fund, aiming for $600-700M by end of 2024 - First major VC fundraise after 2022's funding winter, signaling potential market thaw - Firm's stable team and strong track record expected to attract significant LP interest - Accel known for early bets on Flipkart and Freshworks, seeks to maintain early-stage edge - Company culture praised for alignment and handling of failures, but some sector gaps noted Source: [The Arc](https://thearcweb.com/article/accel-india-fund-flipkart-freshworks-venture-capital-1lhpqpT5OmDbBxTs)

Accel gearing up for eighth India fund, aiming for $600-700M by end of 2024
First major VC fundraise after 2022's funding winter, signaling potential market thaw
Firm's stable team and strong track record expected to attract significant LP interest
Accel known for early bets on Flipkart and Freshworks, seeks to maintain early-stage edge
Company culture praised for alignment and handling of failures, but some sector gaps noted

Source: The Arc