Exclusive: Accel India Nears Close on $150M for Second Early Stage VC Fund
Last month, the Times of India reported that Accel Partners was scrapping plans for a $400 million fund focused on late stage investments. However, Accel India is still raising a $150 million fund focused on early stage opportunities, sources tell peHUB. Accel is meeting with limited partners as it nears completion for the fund, slightly more than the VC was previously reported to be raising in July by Business Standard, another Indian publication. Accel is expected to close on the fund in a matter of weeks, three sources tell peHUB. The new fund will concentrate on early and seed stage investments, peHUB’s sources said. Return data on Accel’s first India fund
4 October 2011•2 mins read
