Accel could raise billions for India, but it’s sticking to $650 million

Quick Summary:

Accel has maintained its India fund size at $650 million for its eighth vehicle, even as other venture firms in the region are racing to raise increasingly larger pools of capital.

The firm had ample opportunity to raise “multi-billion dollars,” said Shekhar Kirani, partner at Accel, in an interview with TechCrunch.

The firm’s commitment to India spans more than 15 years, during which the market has seen both entries and exits by global venture firms.

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Article Details

Author / Journalist: Manish Singh

Category: Technology

Markets: United StatesChinaIndia

Topics: Shekhar Kirani TC Anand Daniel Accel India Venture

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-06 @ 00:30:00 (2 days ago)

News Timezone: GMT -5:00

News Source URL: techcrunch.com

Language: English

Article Length: 847 words

Reading Time: 5 minutes read

Sentences: 39 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TechCrunch

News ID: 24909207

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