Multi-stage VC · Seed–Growth · Bengaluru
Accel (India)
Formerly Erasmic Venture Fund
Verified by Women Can StartupSnapshot
- Firm type
- Multi-stage VC
- Founded
- 2008
- Headquarters
- Bengaluru
- Other offices
- Palo Alto, San Francisco, London
- Fund / AUM
- Fund VIII $650M (2025); Fund VII $650M; Fund VI $550M (2019)
- Geographies
- India
- Leads rounds
- Yes
- Last updated
- 23 July 2026
About Accel (India)
The early-and-growth investor that wrote India's most famous seed cheque, into Flipkart. Accel likes to be the first institutional money in and stay through the growth rounds, with real strength in developer-first SaaS and consumer internet. Its India arm grew out of the Erasmic Venture Fund.
Accel (India) is a multi-stage vc based in Bengaluru, founded in 2008, investing in India. It backs companies at the Seed, Series A, Series B and Growth stages, with a focus on SaaS, Consumer, Fintech, D2C and Enterprise. It usually leads the rounds it joins.
On fund size, the firm reports Fund VIII $650M (2025); Fund VII $650M; Fund VI $550M (2019). Its portfolio includes Flipkart, Swiggy, Freshworks, BrowserStack, Chargebee and Urban Company.
Investment focus
Notable investments
10 of Accel (India)’s better-known bets, grouped by sector. Names in coral open the company’s profile or founder story on this site.
Consumer
Early seed backer, 2009
SaaS
D2C
Agritech
How to pitch Accel (India)
Practical pointers drawn from what Accel (India) says it backs. Always confirm the current focus and process with the firm before you reach out.
- They invest at Seed, Series A, Series B and Growth. Approach them when your company is with an early product and first signs of traction, through to companies already scaling with strong metrics.
- Their focus is SaaS, Consumer, Fintech, D2C and Enterprise, so lead with why you fit there.
- The strongest way in is a warm introduction, ideally from a founder they have backed, such as Flipkart, Swiggy and Freshworks.
- You can find the team and their current focus on their website, linked below.
Partners
Prashanth Prakash
Founding Partner
Subrata Mitra
Founding Partner
Mahendran Balachandran
Founding Partner
Anand Daniel
Partner
Shekhar Kirani
Partner
Website & links
Frequently asked questions
- What stage does Accel (India) invest at?
- Accel (India) invests at the Seed, Series A, Series B and Growth stages.
- What sectors does Accel (India) invest in?
- Accel (India) focuses on SaaS, Consumer, Fintech, D2C, Enterprise, Marketplaces and AI.
- Which companies has Accel (India) invested in?
- Notable investments include Flipkart, Swiggy, Freshworks, BrowserStack, Chargebee, Urban Company, Myntra and Ninjacart. See the full list on this page.
- Who are the partners at Accel (India)?
- Key people include Prashanth Prakash (Founding Partner), Subrata Mitra (Founding Partner), Mahendran Balachandran (Founding Partner) and Anand Daniel (Partner).
- Where is Accel (India) based?
- Accel (India) is headquartered in Bengaluru, with additional offices in Palo Alto, San Francisco and London.
- Does Accel (India) invest in women founders?
- Accel (India) is a generalist fund and backs strong founders regardless of gender, women founders included. For funds with an explicit women-founder mandate, see our women-focused funds list.
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