Page 3 - Accel News Today

Accel announces eight early-stage Indian startups in Atoms accelerator program focusing on AI and Industry 5.0 domains with up to $500,000 in funding and additional benefits worth $5 million.

During 2023, growth and late-stage startups chose to defer fundraising, and investors took their foot off the gas pedal owing to rising interest rates, leading to the number of mega rounds (those over $100 million) falling to only 15, compared to 48 in 2022.

Three-day congregation of new economy ecosystem to highlight the promise of Indian startup sector.

Deepinder Goyal emphasizes the need for established businesses to nurture startups without owning them. The Startup Mahakumbh event aims to make India the largest startup ecosystem. The government launches the Bharat Startup Ecosystem Registry to unify stakeholders and support Indian startup growth.

Deepinder Goyal emphasizes the need for established businesses to nurture startups without owning them. The Startup Mahakumbh event aims to make India the largest startup ecosystem. The government launches the Bharat Startup Ecosystem Registry to unify stakeholders and support Indian startup growth.

Arun Mathew of Accel discusses the impact of Covid on the SaaS ecosystem, the potential for IPOs, and the success of Accels investments in the Indian market, including Flipkart and Freshworks.

Xalts acquisition of Contour Network will give it access to a larger community of potential customers in the banking and trade finance sectors

San Francisco-based Xyphos Biosciences Inc. is pooling technology platforms with Boston’s Kelonia Therapeutics Inc. in a novel immuno-oncology (I-O) drug discovery deal that could fetch more than $800 million. Xyphos and Kelonia will collaborate to develop a maximum of two in vivo CAR T-cell therapy programs, utilizing both Kelonia’s in vivo gene placement system called iGPS and Xyphos’ Accel technology platform.

Captain Fresh raises $25M in funding round led by BII and Nekkanti Seafoods Group. Utham Gowda to hold 19% stake. Matrix Partners, Ankur Capital, Prosus, and Tiger Global also invest. Acquisition of Senecrus. Expansion in US, Europe, and southeast Asia. Works with retailers Metro, Auchan, Carrefour in France, Germany, Poland, Middle East.

This comes as the company officially opened its new office in Hyderabad, earlier this week, in line with its plan to increase its headcount in the region. Notions India team will house employees under engineering, product management, data, customer support and people functions.