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

Too many instances of global funds entering India. This will be interesting. The big existing ones (Peak, LSIP, Accel, Elevation) will be forced to deploy because the new ones will have a lot more appetite.

General Catalyst investing ...

In a landmark deal, Silicon Valley powerhouse General Catalyst has acquired Venture Highway, a seed-stage investment firm with a track record of backing winners like Meesho and Mobile Premier League.

The Deal:

• Rare instance of cons...

After sequoia rebranding, funds leaving the country, hearing that accel is looking to cut down on India investment corpus. Big news for a top global fund to step back.

• Accel India’s founding partners, Prashanth Prakash and Subrata Mitra, are planning for a smooth transition.
• The duo has led over 50 investments, including the successful Flipkart exit.
• Junior partners are increasingly taking on mor...