Accel bolsters India team

The firm has hired Prateek Dhawan, formerly a vice president at Goldman Sachs Investments' office in India.


Prateek Dhawan, formerly a vice president of Goldman Sachs Investment Partners’ private equity interests in India, has been appointed principal at global venture firm Accel Partners.

In his new role, Prateek will focus on growth stage investments of $10 million to $50 million in mid-sized Indian companies across different sectors.

“Prateek’s addition to the growth investing team demonstrates Accel’s continued commitment to India,” Peter Wagner, a partner at Accel’s office in Palo Alto and co-founder of the firm’s India office, said in a statement.

While at Goldman Sachs Investments, Prateek was involved in investments in telecommunications companies Tikona Digital Networks and Bharti Infratel, as well as a deal with infrastructure development company Asian Genco.

He joined Goldman Sachs Investments from Cisco Systems, where he worked in corporate development and had a hand in several acquisitions and investments involving telecommunications equipment manufacturer Scientific Atlanta, video service platform provider Arroyo and digital media company Widevine.

Accel Partners is headquartered in Palo Alto, California, and has offices in India, the UK, and China. The fund currently has over $6 billion worth of assets under management. Some of its portfolio investments in India include movie review website Chakpak, online travel agency HolidayIQ, biotech company Inbiopro and internet-based custom T-shirt printer Myntra.