Accel

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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Tiny AI ERP startup Campfire is winning so many startups from NetSuite, Accel led a $35M Series A 

Startups /

AI-powered accounting startup Campfire announced Monday that it has raised a $35 million Series A led by Accel, with participation from Foundation Capital, Y Combinator, Capital49, and angel investors including Mercury’s CFO Dan Kang. “Within nine months of formation, we had customers [with] north of 100 employees ripping out NetSuite and putting in Campfire,” founder

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Seed to Series C: What VCs actually want from AI startups

Venture /

AI investments hit $110 billion in 2024, and the funding landscape in 2025 is more competitive than ever. For early-stage startups, that means more money in the market, but also more pressure to stand out. At TechCrunch Sessions: AI, Rebecca Bellan sat down with three experienced investors: Jill Chase, Partner at CapitalG; Kanu Gulati, Partner

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New details emerge on Meta’s $14.3B deal for Scale

Venture /

Meta’s deal to partially acquire the AI startup Scale, giving it 49% ownership, is certainly unusual. What Scale officially announced is that the deal values the company at over $29 billion and that it will “distribute” proceeds to shareholders and vested equity holders (aka employees) granting them with “substantial liquidity” while allowing them to continue

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Cut through the AI hype and learn what really gets funded in 2025

AI /

AI investments hit $110 billion in 2024, and the funding landscape is more competitive than ever. This panel at TechCrunch Sessions: AI features three expert panelists: CapitalG partner Jill Chase; Kanu Gulati, a partner at Khosla; and Accell partner Sara Ittelson. They talked about why people are probably too worried about crafting the perfect pitch

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