Accel closes fifth India VC fund at $450m
Accel Partners has closed its fifth India-focused venture capital fund at $450 million, less than two years after raising $305 million for the fourth vehicle.
The new fund will continue Accel's strategy of targeting in seed and early-stage start-ups. The firm said that more than 80% of the 100-plus investments it has made in India since 2005 started out as seed...
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