Accel’s India story
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Accel Partners India is one of the most prolific early-stage investors in India. It has now invested in more than 200 start-ups in the country, keeping its focus firmly on early-stage technology start-ups.
Co-founders Prashanth Prakash and Subrata Mitra, who formed the Indian arm of the US venture capital firm in 2008 after merging their seed investment firm Erasmic Ventures with it, are now managing close to a billion dollars in assets. Accel’s most successful bets in India include Flipkart and Mu Sigma. The venture capital firm’s other success stories in India are Freshdesk and TaxiForSure, which were all garage start-ups when Accel invested in them.