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
get fund for my trust