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ITNewspapersThe Financial Express

Accel raises $650 million for new India fund

Binu Mathew
By Binu MathewJanuary 2, 2025

Accel has raised $650 million (Rs 5,500 crore) for its eighth India fund, according to the US Securities and Exchange Commission filings, seen by FE.

With this, the venture capital firm’s total investment commitment to India will reach close to $3 billion. It had raised another $650 million for its seventh round in March 2022.

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