Accel Closes $155M Fund With Eye On Indian Startups

Law360, New York (November 16, 2011, 6:31 PM EST) -- Accel Partners Management LLP, the venture capital firm that made early bets on Facebook Inc. and Groupon Inc., has closed a $155 million fund that will dole out seed and early-stage investments in India, the firm announced Wednesday.

The fund, called Accel India III, will focus on Internet, digital media, software, mobile technology, health care and education in India, where the firm is already invested in 34 companies, Accel said.

“Our core strategy in India will continue to be the same: to be the first investment...
To view the full article, register now.