Accel cancels plans for $400m India fund - report
Silicon Valley-based VC firm Accel Partners will not raise a $400 million India-focused fund as previously planned, The Times of India reported, citing unstable market conditions and increased competition as reasons for the decision.
Accel was first said to be targeting a growth-stage, country-focused fund in July - a contrast to its current early-stage mandate for the country. The Times noted that Accel recruited LPs including DE...
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