Accel closes new $550M fund for India

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Accel, one of the world’s most influential venture capitalist firms, is becoming more bullish on India. The Silicon Valley-headquartered firm, which largely focuses on early stage investments, said today it has closed $550 million for its sixth venture fund in India. This is a significant amount of capital for Accel’s efforts in India, where it began investing 15 years ago and has infused roughly $1 billion through all of its previous funds combined.

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