Brands
Discover
Events
Newsletter
More

Follow Us

twitterfacebookinstagramyoutube
Youtstory

Brands

Resources

Stories

General

In-Depth

Announcement

Reports

News

Funding

Startup Sectors

Women in tech

Sportstech

Agritech

E-Commerce

Education

Lifestyle

Entertainment

Art & Culture

Travel & Leisure

Curtain Raiser

Wine and Food

YSTV

ADVERTISEMENT
Advertise with us

Accel India portfolio breaches $100B+ market value

Accel's latest fund of $650 million is its largest one for early-stage ventures in India and Southeast Asia. In an interview with Accel's partners, YourStory deep dives to understand the evolving India thesis.

Accel India portfolio breaches $100B+ market value

Friday March 04, 2022 , 3 min Read

Good Morning,

On Tuesday, venture capital firm Accel announced its seventh fund for India. At $650 million, Accel's latest fund is its single-largest one yet for early-stage tech ventures in India and Southeast Asia.

Apart from this, Accel has a $1.7-billion Growth Fund, and a $2.3-billion Leaders Fund, a vehicle that has backed late-stage companies from India like Eruditus, Swiggy, and BrowserStack.

Interestingly, the market value of Accel's portfolio of companies from India crossed the $100-billion mark when it launched its seventh fund in February 2022. This is a 2.5 times growth over the market value of its companies when it closed its last fund in 2019.

In this interview with YourStory, Accel's Shekhar Kirani, Anand Daniel, and Barath Shankar Subramanian throw light on how it built the seventh fund amidst the pandemic, the bright spots in India's digital economy — and what has remained constant in Accel's India journey. Read more.


The Interview

In just a few days, we will come to the end of this financial year. The past year has been tough and turbulent amid COVID-19 but there were glimmers of triumph as well with a record number of unicorns and successful IPOs.

Business leaders across the spectrum discuss their journeys, their past year, financial highs and lows and what went behind making the year, what it was. 


Editor’s Pick: App Friday

Quick commerce newbie Zepto raised $160 million within three months on the promise of delivering groceries in under 10 minutes. YourStory’s reporters tested the app across Mumbai, Delhi, and Bengaluru to see if it lives up to its promise. Read more.

Zepto

Credit: YourStory Design


Ushering in Industrial Revolution 4.0

With the onset of the COVID-19 pandemic, businesses realised they cannot go on as they wish to without leveraging technology, accelerating its faster adoption. 

India is ushering in a ‘new industrial revolution,’ defined by the use of Internet of Things (IoT), connectivity, artificial intelligence (AI), machine learning (ML), automation, advanced engineering, and many more technologies. 

Going a step further is Hyderabad-based Grene Robotics, which has built a platform for hyper-automation and autonomous decision-making. Read more.

Grene Robotics


News & Updates


Before you go, stay inspired with… 

kunal shah

Kunal Shah wants to make a conscious effort to hire 'more diverse'.

“Leadership is building people to build. Many mistake it as using people to build.” 

Kunal Shah, Founder and CEO, CRED


Now get the Daily Capsule in your inbox. Subscribe to our newsletter today!