Global venture capital firm Accel has announced a $650 million fund for early-stage startups across India and Southeast Asia, taking the total commitment in the region to over $2 billion.
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Accel set up its first fund in India in 2005. The VC firm has partnered with founders in India from the very earliest stages, supporting them as they work to create ‘exceptional’ companies.
Flipkart and Freshworks are two of the most iconic companies are examples of companies backed by Accel from their initial seed rounds through all subsequent financings.
“As we look towards the next decade, we expect digital adoption in India and Southeast Asia only to accelerate. We see this trend playing out not only in categories like financial services and e-commerce, but also across core sectors like agriculture, education, insurance, logistics, healthcare, real estate, and manufacturing,” said Accel in a statement.
