Accel closes oversubscribed $550M India fund within weeks, 19 months after its last

# Accel Raises $550 Million for India Startups, Despite Still Having Cash to Spend Venture capital firm Accel just raised half a billion dollars for investing in Indian startups, and investors rushed to fund it so quickly that the firm closed the round in just weeks. The surprising speed matters because Accel still has over half of its previous $650 million fund sitting unused—suggesting investors are increasingly bullish on India's startup scene and want to get money in before the best opportunities are claimed.