Accel turns to rural India in hunt for future unicorns

Quick Summary:

For example, commerce startup Udaan’s attempt to serve merchants in smaller cities has largely faltered despite the company raising over $1 billion on the promise.

We estimate it’s north of $250 billion,” Accel partner Anand Daniel told TechCrunch in an interview.

Another reason could be simply how these markets function: Often, family-run businesses maintain generational relationships with lenders and logistics providers in these regions, and it can be hard for startups to break into such a market with only their tech.

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Article Details

Author / Journalist: Manish Singh

Category: Technology

Markets: United StatesIndia

Topics: Accel Venture TC Accel India

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-06-26 @ 05:50:43 (1 weeks ago)

News Timezone: GMT -5:00

News Source URL: techcrunch.com

Language: English

Article Length: 1200 words

Reading Time: 7 minutes read

Sentences: 54 lines

Sentence Length: 23 words per sentence (average)

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

Copyright Owner: © TechCrunch

News ID: 21392224

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