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Accel has raised $550 million for its ninth India fund, slightly smaller than its previous $650 million fund. Despite a global trend of large venture firms downsizing their latest funds, Accel's India partners Anand Daniel and Abhinav Chaturvedi stated early-stage deal flow in India remains largely unchanged. The new $550 million fund will continue investing across familiar sectors, with a strong focus on AI alongside consumer, fintech, and manufacturing.
It serves as a "top-up" to the existing $650 million fund, with ample dry powder to invest in around 15-25 companies over its life.
Written by urgent.news from The Economic Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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