Global News and Digital Insights
for the Consumer Goods Industry

America’s Accel is investing US$650 million funds in south-east Asian and Indian startups

ConsumerGeniuses

ConsumerGeniuses

Accel, an American-based capital venture firm, has decided to invest US$650 million funds in south-east Asian and Indian startups. The venture company has raised 7th and the highest funding series of its history, taking the funding commitments to US$2 billion. In the Asian region, Accel is particularly interested in Indian startups, including Flipkart, an e-commerce marketplace, and Freshworks, a software consultancy. Accel aims to boost and support e-commerce, consumer fintech, software as a service, digital health, and web 3.0 in south-east Asia. Accel’s investment portfolio involves Pluang (an Indonesian investment app), Xendit (a payment gateway), and Anxie Infinity (NFT video game).

Read more from Businesstimes

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn