Accel

• Swish, a 10-minute food delivery startup, has secured $2M in seed funding led by Accel, with participation from angel investors.
• The company plans to use the funds to expand its operations and scale its presence across Bengaluru. *...

• Swiggy's IPO has resulted in major returns for investors Elevation, Accel, and Prosus.
• The IPO process, initiated in April 2024, saw shares worth at least $1.6 billion being sold by existing investors.
• Prosus, the top stakeholder...

Very interesting read: https://assets-global.website-files.com/6410c40c8f9e67469272e6db/663b8fe3aea8f81f4205c200_Decoding-Omnichannel_Strategies-for-D2C-Brands.pdf

• Swiggy is aiming for a valuation of $11.7 billion to $12.7 billion for its upcoming IPO, set to launch in early November.
• The IPO includes a fresh issue component of Rs 3,750 crore and an offer for sale of up to 182,286,265 equit...

• Quick commerce success in India has led to new business models in food, fashion, and pharmacy.
• Early-stage funds like Accel and India Quotient are investing in these startups.
• Rapid food-delivery startup Swish has raised about $2...

• Swiggy has filed for an IPO with SEBI, aiming to raise Rs 3,750 crore through fresh equity shares and an OFS of up to 185,286,265 shares.
• Prosus plans to offload 63.8% of the OFS, with other investors like Accel, Alpha Wave Ventures...

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 ...

• Nurix AI, founded by Mukesh Bansal, raised $27.5 million in seed and Series A funding co-led by General Catalyst and Accel.
• The startup aims to provide agentic AI solutions for enterprises, focusing on custom AI agents with human-li...

• Accel India invested INR 19.5 Cr and Nexus Ventures invested INR 19.1 Cr in Moneyview.
• The fintech startup is now valued at $1.2 Bn, making it the sixth unicorn of 2024.
• Moneyview also acquired earned wage access platform Jify to d...

• 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...