Showing that there’s plenty of untapped potential in the Indian startup scene, Silicon Valley venture capital firm Accel Partners announced its $155 million Accel India III fund today for seed and early-stage investments in the country.
Accel, which already has 34 companies in its portfolio in India, said the fund would be focused on hot topics opportunities like mobile, digital media, enterprise and software-as-a-service companies, and Internet services. The firm already manages $80 million in India across two earlier funds — this latest addition brings its total amount of funds in India to $235 million.
No comments:
Post a Comment