After sequoia rebranding, funds leaving the country, hearing that accel is looking to cut down on India investment corpus. Big news for a top global fund to step back.
Not true, from what I hear They are definitely continuing to invest and still giving out cheques
Pace for all has been slower owing to the market What do you mean by cut down on India investment corpus? (Reducing fund size? How would that work...)
I’m pretty sure that Accel has the best DPI /TVPI ratios of major VCs in india. If they’re gonna be cutting back, i’d be surprised.
They just hired ex Swiggy CXO to their team to ramp up deals
Too many instances of global funds entering India. This will be interesting. The big existing ones (Peak, LSIP, Accel, Elevation) will be forced to deploy because the new ones will have a lot more appetite.
General Catalyst investing ...
In a landmark deal, Silicon Valley powerhouse General Catalyst has acquired Venture Highway, a seed-stage investment firm with a track record of backing winners like Meesho and Mobile Premier League.
The Deal: