Today we are announcing our new fund, Accel India IV, a $305 million fund that like prior funds will invest in very early stage companies where we partner closely with India-based entrepreneurs to help build their businesses from the earliest days. The fund will also continue to selectively pursue growth equity opportunities in the most promising technology companies in India. The investment focus area will cover consumer, enterprise software, mobile and healthcare businesses.
The Indian startup ecosystem has matured considerably since Accel started investing in India in 2005, and we’re fortunate to have partnered with some of the biggest brands in India like BookMyShow, CommonFloor, Flipkart, Forus, FreshDesk, Mitra Biotech, MuSigma, Myntra, Power2SME, Proptiger and TaxiForSure. The community is also diverse, dynamic and ever-changing as evidenced by several successful exits like Myntra (acquired by Flipkart), TaxiForSure (acquired by Ola) and Virident (acquired by Western Digital).
We’re excited about the entrepreneurial energy in India and we look forward to working with the next generation of business leaders.
Accel’s deep local team of investment partners, our extended global network, and our in-house experts in critical areas like marketing, HR, technology, product management and product design, stand ready to help the next class of great technology companies from India.