Accel

Accel and Prosus team up to back early-stage Indian startups

Venture /

Storied investors Accel and Prosus have launched a new investment partnership to back Indian startups from day zero, targeting founders building large-scale solutions with the potential to serve the masses in the South Asian nation. Announced on Monday, the collaboration marks the first time Prosus is investing at the formation stage. Both firms will co-invest […]

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Sheryl Sandberg-backed Flint wants to use AI to autonomously build and update websites

AI /

Sometimes, you can only spot what’s wrong when you’ve been part of the process for a while. That was the case for Michelle Lim, who, while running Warp’s growth marketing effort earlier this year, realized that the company wasn’t updating its website quickly enough. She noticed that potential customers were asking ChatGPT and other AI

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The startup behind open source tool Polars raises $21M from Accel

Fundraising /

Polars, the Amsterdam-based company behind the popular open source project of the same name, has raised €18 million (about $21 million) in a Series A round led by Accel, with participation from Bain Capital Partners and angel investors. But while raising this kind of money is the dream of many developers, its creator Ritchie Vink

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Rocket.new, one of India’s first vibe-coding startups, snags $15M from Accel, Salesforce Ventures

AI /

Rocket.new, an Indian startup building an AI-powered app development platform, has raised $15 million in a seed round led by Salesforce Ventures to take on viral vibe-coding rivals like Lovable, Cursor, and Bolt by letting users build full, production-ready apps from natural-language prompts rather than just quick prototypes. Accel and Together Fund joined Salesforce Ventures

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India’s Urban Company soars 58% above IPO price in year’s most subscribed offering

Commerce /

Urban Company, India’s largest home services platform, stormed onto the public markets on Wednesday, opening 58% above its issue price after delivering the country’s most subscribed IPO of the year. The Gurugram-based startup, which connects users to at-home services ranging from beauty treatments to appliance repair, debuted on the Mumbai-based National Stock Exchange at ₹162.25

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FirstClub bucks India’s speed obsession, quickly triples valuation to $120M with premium approach

Commerce /

While quick commerce in India has become synonymous with 10-minute deliveries — and the hottest play for startups and investors — FirstClub is taking a slower, more curated route. Yet just three months after launching its app, the eight-month-old startup has tripled its valuation. At a post-money valuation of $120 million, the Bengaluru-based startup has

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U.S. and Indian VCs just formed a $1B+ alliance to fund India’s deep tech startups

Venture /

Eight U.S. and Indian venture capital and private equity firms — including storied investors Accel, Blume Ventures, Celesta Capital, and Premji Invest — have formed an unusual coalition to back India’s deep tech startups, pledging more than $1 billion over the next decade to strengthen U.S.-India tech ties. The alliance addresses longstanding funding concerns. In

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Why investors just bet $85M on this Indian company’s generic drug strategy

Startups /

With over 400 million chronic patients, India is one of the world’s largest medicine markets. But while most e-pharmacies chase speed, affordability remains the real challenge. Truemeds took a different route: helping patients switch to lower-cost substitutes, a bet now paying off with new funding at about four times its previous valuation. The six-year-old startup

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Lovable becomes a unicorn with $200M Series A just 8 months after launch

Fundraising /

Fast-growing Swedish AI vibe coding startup Lovable has become Europe’s latest unicorn. Only eight months since its launch, the startup has raised a $200 million Series A round led by Accel at a $1.8 billion valuation. Like Cursor and other platforms that help developers write code and build apps by harnessing the coding and reasoning

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