Accel Targets $700M India Fund, Largest Yet Amid VC Landscape Shifts
- 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)
Discover More
Curated from across
Indian Startups on
by WittyFeed
Venture Capital
General Catalyst looking to acquire an Indian VC and invest more in India!
This is super interesting. They had a small footprint in India so far, but the move indicates another big gun coming into India in a serious way. After many VC exits and shutdowns, this one is a breath of fresh air. By any chance does anyone know which fund it is?
General Catalyst, one of the largest U.S. venture capital firms, is in talks to acquire an India-focused VC as part of efforts to expand its...
https://techcrunch.com/2024/01/18/general-catalyst-india/