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Flipkart backer Accel raises $450 mn for its fifth fund

New fund will start making investments from 2017 and is 40% larger than the fourth fund raised by Accel in March 2015

Ranju Sarkar  |  New Delhi 

Accel, one of India's most active early-stage venture capital firm known for being an early backer of e-commerce firms such as Flipkart and Bookmyshow, has closed its fifth India dedicated fund at $450 million.  The new fund will start making investments from 2017 and is 40% larger than the fourth fund raised by Accel in March 2015, said a senior executive at the VC firm.  One of the most prominent Silicon Valley venture funds famed for its investment in social networking site Facebook back in 2005, this will be Accel's largest fund for India. It was ...

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Flipkart backer Accel raises $450 mn for its fifth fund

New fund will start making investments from 2017 and is 40% larger than the fourth fund raised by Accel in March 2015

New fund will start making investments from 2017 and is 40% larger than the fourth fund raised by Accel in March 2015 Accel, one of India's most active early-stage venture capital firm known for being an early backer of e-commerce firms such as Flipkart and Bookmyshow, has closed its fifth India dedicated fund at $450 million.  The new fund will start making investments from 2017 and is 40% larger than the fourth fund raised by Accel in March 2015, said a senior executive at the VC firm.  One of the most prominent Silicon Valley venture funds famed for its investment in social networking site Facebook back in 2005, this will be Accel's largest fund for India. It was ... image
Business Standard
177 22

Flipkart backer Accel raises $450 mn for its fifth fund

New fund will start making investments from 2017 and is 40% larger than the fourth fund raised by Accel in March 2015

Accel, one of India's most active early-stage venture capital firm known for being an early backer of e-commerce firms such as Flipkart and Bookmyshow, has closed its fifth India dedicated fund at $450 million.  The new fund will start making investments from 2017 and is 40% larger than the fourth fund raised by Accel in March 2015, said a senior executive at the VC firm.  One of the most prominent Silicon Valley venture funds famed for its investment in social networking site Facebook back in 2005, this will be Accel's largest fund for India. It was ...

image
Business Standard
177 22