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ACCEL Raises The Stakes With $650 Million Funding In India And Southeast Asia

ACCEL is an early-stage investor, having in the past raised funding in the region of $1.6 billion for 6 funds that had India as their focus. 

ACCEL Raises The Stakes With $650 Million Funding In India And Southeast Asia

The US-based venture capitalist firm ACCEL has started investing big time in the APAC region after due research and market familiarization. The internet economy of this region is bursting at the seams and ACCEL thinks it is time to secure a firm grasp in the region in the face of investments by other competing venture capital giants. 

ACCEL was an early supporter of Spotify, Dropbox, and Facebook in the USA, and as reported yesterday, it injected $650 million in funds to support burgeoning startups in Southeast Asia as well as India. ACCEL is an early-stage investor, having in the past raised funding in the region of $1.6 billion for 6 funds that had India as their focus. 

Abhinav Chaturvedi, a partner with ACCEL, reveals that the venture capitalist firm would focus on domestic economic businesses which he believes is a surrogate for consumption. These companies could be financial services companies, consumer companies, and even supply chain businesses. Another focus of Accel is software companies in the region. 

ACCEL started operations in India with the acquisition of the native venture capital firm Erasmic, back in 2008. ACCEL has a reason for this as it zeroes in on Southeast Asia. It is because various startups in Singapore, Vietnam, the Philippines, and Indonesia are receiving huge shots in the arm with billions invested by other venture capital firms. 

In reality, the digital economy of Southeast Asia is all set to double by 2025 to $363 billion. And by the end of this very decade, this amount could rise to $1 trillion USD. 

Chaturvedi signs off by saying that Accel had been observing the market for a long time, and the macro-environment, economy-wise, seems extremely persuasive, prompting ACCEL to be more adventurous and aggressive in Southeast Asia and India regions in the immediate future. 

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