Browsing Tag

accel fund

BharatPe accuses Grover & family of fraud; Accel raises $650M for 7th fund

Daisy Mar 2, 2022

On Tuesday night, BharatPe’s board met to discuss the findings of an internal audit conducted by PwC. This morning, the company said it has found that Ashneer Grover and his relatives misappropriated funds and syphoned money from BharatPe’s…

Technology

Accel raises $650 million for new fund; will continue to focus on early-stage investments

Daisy Mar 2, 2022

Mumbai: Accel, an early-stage venture capital firm that has backed the likes of Flipkart, Swiggy, Freshworks and Browserstack, said it has launched a $650 million seventh fund to back startups across India and Southeast Asia. The new fund…