India’s Furlenco to sell 35% stake for $36.5 million

Accel has maintained its India fund size at $650 million for its eighth vehicle, even as other venture firms in the region are racing to raise increasingly larger pools of capital. The firm had ample opportunity to raise “multi-billion dollars,” said Shekhar Kirani, partner at Accel, in an interview with TechCrunch. But unlike peers who have supersized their funds, Accel is holding steady based on a calculated analysis of India’s venture opportunity. Peak XV has amassed $2.5 billion in its newe

Jan 5, 2025

Accel has raised $650 million for its eighth India fund as the U.S. venture firm expands its investment strategy in the South Asian market. The new fund follows the firm’s seventh India fund secured in March 2022. Accel — which has backed companies including e-commerce group Flipkart, food delivery platform Swiggy and software group Freshworks — has established itself as India’s most successful venture firm, serving as the first institutional investor in its portfolio companies. The firm wrote

Jan 1, 2025

Meesho, an Indian e-commerce rival to Amazon and Walmart-owned Flipkart, is set to launch a roughly $606 million IPO marked by token sell-downs from early backers and no sales from big names such as SoftBank and Prosus, signaling investor conviction in India's booming online retail market at a time when tech shareholders globally have been cashing out at listings.

Nov 28, 2025

ChrysCapital has invested $100 million in Lenskart, the two said Thursday, pushing the Asian eyewear startup’s raise in the past year to $850 million as it expands its offerings and reach in international markets. The Indian venture firm is buying shares worth $100 million in Lenskart through both primary and secondary transactions, the two said. […]

Jun 14, 2023