Accel India raises $550 million fund VI to invest on tech start-ups

Counted among top VCs, Accel has 117 active investments including Flipkart, Swiggy and Freshworks

Venture capital firm Accel India on Monday said it had raised $550 million, or Rs 4,000 crore, for its sixth fund to invest in early-stage technology companies in India.

Accel India was setup in 2008 by Mahendran Balachandran, Subrata Mitra and Prashanth Prakash and is regarded as one of the top VCs. As of date, it has 117 active investments and 44 of its portfolio firms are valued over $100 million.

Announcing the new fund, Accel said it will focus on its core areas: consumer, B2B (business-to-business), software, fin-tech and health-tech, and support companies with patient capital. The fund, managed