Accel: With new $650 million war chest for India, Accel eyes AI, consumer, fintech, manufacturing startups

Accel announced that it has raised a $650 million early-stage fund to support bold founders in India and Southeast Asia. This fund focuses on sectors such as AI, consumer, fintech, and manufacturing, aiming to back category-defining startups. The company's portfolio includes Flipkart, Swiggy, and Freshworks, Accel has made significant strides in the region's growing venture capital landscape.