Accel, one of the most prolific e-commerce and marketplace investors in India, is making a contrarian move by turning its focus to smaller towns and villages in search of future unicorns. The venture firm argued on Wednesday that these areas, which it refers to as “Bharat,” represent a significant market ripe with opportunities for entrepreneurs […]
Accel turns to rural India in hunt for future unicorns Read More »
Like it or hate it, artificial intelligence – especially generative AI – is the technology story of 2024. OpenAI, with its rollouts of viral services like ChatGPT and billions in funding, may have gobbled up the lion’s share of attention and money so far. But according to a new report out from top VC Accel
Early-stage rounds continue to account for the majority of investments in the European startup market, and on Tuesday one of the biggest firms in the region announced a new fund to bolster that trend. Accel has raised $650 million to back startups from seed to Series A across the U.K., the Continent and Israel. The
Accel has a fresh $650M to back European early-stage startups Read More »
Cards are gaining ground in Egypt, with over 30 million in circulation (prepaid cards, particularly, are seeing more use than debit and credit cards combined). This surge in card usage, about 14% in the last four years, is primarily due to the incentives introduced by fintech companies and banks, attracting millions of Egyptian consumers who
Accel leads $4M investment in Egyptian corporate cards platform Swypex Read More »
Automation continues to be a major theme in the enterprise — underscored not least by the rise of AI as a tool to help fix some of the more routine, resource-intensive and fragmented aspects of how security and other IT functions operate. To capitalize on that trend, one of the bigger startups in the space,
Tines taps $50M to expand its workflow automation beyond security teams Read More »
