Through the scheme, it does not directly invest in startups but instead provides capital to SEBI-registered AIFs, known as daughter funds, who in turn invest money in growing Indian startups through equity and equity-linked instruments.
Singapore, March 7 (ANI): Last week, Accel (formerly Accel Partners) announced the launch of a USD650 million fund which will invest in Indian and Southeast Asian startups. It represents the seventh time the venture capital fund is sinking money into the region and its largest to date.