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November 16, 2011 06:58 pm GMT
After debuting a new $100 million big data initiative, Accel Partners is expanding its presence in another areas, though this time in a geographic region of the world. Accel is closing its third India fund, totaling $155 million, to invest in seed and early-stage opportunities in the region.Accel previously launched two India funds. The most recent fund was launched in 2008 and totaled $65 million. Clearly Accel is doubling down on India and believes in a strong future in technology startups in the geographic area. Currently, Accel has 34 portfolio companies in India, including Flipkart, Myntra, Letsbuy, HealthcareMagic, Babyoye, and Exclusively.IN.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/eYMZCI8pRxs/
Accel Launches Third India Fund; Will Invest $155M In Early Stage Startups
After debuting a new $100 million big data initiative, Accel Partners is expanding its presence in another areas, though this time in a geographic region of the world. Accel is closing its third India fund, totaling $155 million, to invest in seed and early-stage opportunities in the region.Accel previously launched two India funds. The most recent fund was launched in 2008 and totaled $65 million. Clearly Accel is doubling down on India and believes in a strong future in technology startups in the geographic area. Currently, Accel has 34 portfolio companies in India, including Flipkart, Myntra, Letsbuy, HealthcareMagic, Babyoye, and Exclusively.IN. Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/eYMZCI8pRxs/
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