Page 21 - Accel News Today

Spendflo makes SaaS buying simpler, cheaper, and more efficient through its platform. The Chennai-based start-up has raised a total of $15.4 million across rounds from marquee investors.

Spendflo, an all-in-one SaaS buying and management solution, today announced the completion of an $11M Series A fundraising round led by Prosus Ventures and Accel. It comes just ten months after its seed round, bringing the total funds raised to $15.4 million from investors, including Prosus Ventures, Accel, Together Fund, Signal Peak Ventures, and Boldcap Ventures.

Amazon India today announced the launch of the third season of Amazon Global Selling Propel Startup Accelerator (Propel S3) – an initiative designed to provide dedicated support to emerging Indian brands and startups to reach customers around the world.

Gurugram-based business-to-business (B2B) marketplace Fashinza, run by Smartchain Innovation Pvt Ltd, has raised about $30 million (nearly Rs 247 crore) in a secured loan from Liquidity Group and its Singaporean subsidiary fund Mars Growth Capital, to fund its working capital needs.  These funds will be channelled to fuel expansion into international ......

From funding winter to the Silicon Valley Bank SVB crisis, the Indian start-up ecosystem has been rocked with several challenges, but investor Rajan Anandan said start-up ecosystem should be optimistic of a turnaround

Accel Partners and Tiger Global, two of the early backers of Indian e-commerce firm Flipkart, are in talks to sell their remaining stake in the company to its parent Walmart Inc, the Economic Times... | January 25, 2023

Accel owns a little over 1% of Flipkart, while Tiger Global holds about 4% of the company, the report said.

Two early backers of Indian e-commerce giant Flipkart, Accel and Tiger Global, are in talks to sell their remaining stake in the company to parent Walmart Inc for about $1.5 billion, the Economic Times reported on Thursday.

New Delhi [India], January 23 (ANI/NewsVoir): Globevestor founder recently announced the launch of a new global micro-VC firm called Momentum Capital. With a presence in Canada, India & the US, Momentum Capital focuses on seed-stage Indian startups and leverages its strong international network to help them grow globally. Ankur, who co-founded Globevestor in 2013, has invested in over 40 startups including Agnikul, Springboard, Zoomcar, Devtron, Good Health Company, Flintobox and many more s...

"We're investing $2 million in 20 companies - if we just find one unicorn it almost returns the fund, which I think is a really unique opportunity for us as fund managers," said Masha Bucher, co-founder at Day One Ventures. "Looking at the last economic cycle, companies like Stripe, Airbnb, Dropbox have been created in crisis." HOT: GAMING AND AI Also in November, multi-stage fund Index Ventures, which has bankrolled Facebook, Etsy and Skype, launched its second Origins...