The U.S. is far ahead of Europe in the race for large AI models — but the picture is different for the application layer, with emerging category leaders such as Lovable and Synthesia. That’s the conclusion made by global VC firm Accel in its 2025 Globalscape report, which focuses on the AI and cloud market. […]
The global race for the AI app layer is still on Read More »
Accel has invested in Rapido, the ride-hailing platform competing with Uber in India, while Prosus has increased its stake, after Indian two-wheeler giant TVS Motor sold its entire holding. On Thursday, TVS Motor said in a stock exchange filing (PDF) that it has sold its entire stake in Rapido for ₹2.88 billion (about $32 million)
Accel backs Uber rival Rapido as Prosus boosts stake Read More »
NVIDIA and Qualcomm Ventures have joined a growing coalition of U.S. and Indian investors backing India’s deep tech startups. The group launched in September with more than $1 billion in commitments, timing that aligns with India’s new ₹1 trillion (around $12 billion) research and development initiative. NVIDIA has joined the coalition as a strategic technical
NVIDIA, Qualcomm join U.S., Indian VCs to help build India’s next deep tech startups Read More »
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
Accel and Prosus team up to back early-stage Indian startups Read More »
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
Sheryl Sandberg-backed Flint wants to use AI to autonomously build and update websites Read More »
It’s been a whirlwind year for the vibe-coding world’s database of choice: Supabase. On Friday, Supabase announced that it raised a fresh $100 million Series E at a $5 billion valuation, led by Accel and Peak XV. This is just four months after closing its $200 million Series D at a $2 billion valuation, led
Supabase nabs $5B valuation, four months after hitting $2B Read More »
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
The startup behind open source tool Polars raises $21M from Accel Read More »
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
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
India’s Urban Company soars 58% above IPO price in year’s most subscribed offering Read More »
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
