Accel India closes $60 million fund

Accel India, formed from the recent acquisition of Erasmic India, has closed a $60 million round to invest in seed and early stage companies. The company plans to invest in 25- 30 early stage companies over the next 3-4 years.  Typically, they’d invest $200K - $500K and stay invested for 5 years. 

This is a great thing for Indian startups. Very few Indian VC’s do early stage or seed funding.

via BS

Similar Posts

• Accel Partners and Erasmic Venture Fund team up, launch Accel India Venture Fund
• Chakpak gets funding from Erasmic Venture Fund
• Myntra gets seed funding from Erasmic Venture Fund

Comments

One Response to “Accel India closes $60 million fund”

1. venkateshbabu on November 29th, 2008 3:36 am

   get fund for my trust