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 […] © 2024 TechCrunch. All rights reserved. For personal use only.
Despite having the opportunity to raise billions, Accel is choosing to stick with a $650 million fund for its India investments. Their reasoning is based on a data-driven analysis showing that larger funds beyond $600-$650 million historically struggle to generate strong returns, even in established markets. Accel believes this more focused approach allows them to invest in a high-quality subset of India's promising startups, while maintaining their strong track record of returns.
Despite having the opportunity to raise billions, Accel is choosing to stick with a $650 million fund for its India investments. Their reasoning is based on a data-driven analysis showing that larger funds beyond $600-$650 million historically struggle to generate strong returns, even in established markets. Accel believes this more focused approach allows them to invest in a high-quality subset of India's promising startups, while maintaining their strong track record of returns.
