Accel Partners raises ₹3077 crore to fund Indian startups
Venture capital firm Accel Partners, which has backed high-profile technology companies like Facebook and Flipkart, has raised ₹3077 crore ($450 million) for its fifth Indian fund. The fund is larger than the ₹2221 crore ($325 million) Accel raised in its previous fund. The latest fund will bring Accel's assets under management in India to more than ₹6834 crore ($1 billion).