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



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).

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