Accel Invests In Indian Web Content Player Trivone

Law360, New York (December 19, 2011, 2:56 PM EST) -- One month after closing a $155 million fund geared toward seed investments in India, Accel Partners Management LLP has completed an early stage deal to back Trivone Digital Services Pvt. Ltd., a Bangalore-based Web content company, Accel said Monday.

Trivone, which runs the consumer technology portal Techtree.com and other sites including CXOToday.com and Channeltimes.com, will use the money — characterized as a private Series A investment — for operations and to grow via acquisitions, it said.

"Internet penetration in India is at the cusp of rapid...
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