Accel, a U.S.-based venture capital firm, has successfully closed its latest India fund at $550 million. This follows the firm's previous India fund, which was $650 million and still has over 55% of its capital available for investment.
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Accel closes $550 million India fund shortly after previous fund
Accel has closed a new $550 million fund focused on India, just 19 months after launching its previous $650 million fund. The earlier fund still retains more than 55% of its capital for future investments.
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Original Headline
Accel closes oversubscribed $550M India fund within weeks, 19 months after its last
Neutral Headline
Accel closes $550 million India fund shortly after previous fund