Accel’s $650 mn India fund to focus on AI, fintech startups, manufacturing

Accel, the venture capital firm, said its latest $650 million fund, its eighth in India and Southeast Asia, will focus on partnering with early-stage founders to build disruptive and category-defining businesses that create meaningful impact.

With this fund, Accel, which has backed startups like Flipkart and Swiggy, will continue to partner with founders in artificial intelligence (AI), consumer brands, fintech, and manufacturing. The firm has identified sub-categories of focus within each of these themes.