SynopsisThe Silicon Valley-headquartered VC firm is betting on India’s IPO-led liquidity opportunity. Accel aims to invest early and help companies scale to $1-2 billion-plus businesses. Portfolio companies such as Zetwerk, Infra.Market, Acko, Curefit, and Spinny are among those in the pipeline to go public over the next year.Accel, an early backer of Flipkart, Swiggy, and Urban Company, has raised $550 million for its ninth India fund, about 15% lesser than its Fund VIII as the venture capital firm looks to continue to focus on investments in deeptech, manufacturing, and AI. It joins a list of large venture firms in India that have downsized their latest funds amid a reset in the industry due to fewer local opportunities in the artificial intelligence (AI) space.Now Playing
Accel raises $550 million for India, keeps early-stage focus as AI reshapes dealflow - The Economic Times
<i>The Silicon Valley-headquartered VC firm is betting on India’s IPO-led liquidity opportunity. Accel aims to invest early and help companies scale to $1-2 billion-plus businesses. Portfolio companies such as Zetwerk, Infra.Market, Acko, Curefit, and Spinny are among those in the pipeline to go public over the next year.</i>
TL;DRAI
Accel raised $550M for India Fund IX (15% below Fund VIII), targeting early-stage deeptech and AI amid market shrinkage. Shrinking VC signals AI startup liquidity crunch; funds pivot toward infrastructure and manufacturing with extended runways.
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