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Accel, formerly known as Accel Partners, is a global venture capital firm. Accel works with startups in seed, early and growth-stage investments. The company has offices in Palo Alto, California and San Francisco, California , with additional operating funds in London , [ 1 ] [ 2 ] and India .
In 2004, the company made a strategic alliance with Singapore-based Frontline Technologies Corporation Limited and made Accel ICIM a joint venture between Accel Ltd and FTC and changed the name to Accel Frontline Ltd.in 2008, FTC was acquired by BT group Plc there by Accel Frontline became a subsidiary of BT frontline Limited.
Existing Yodlee investors, including its largest shareholder Warburg Pincus along with Accel Partners and Institutional Venture Partners, participated in the financing round. [ 6 ] As of 2013, Yodlee had over 45 million users, and over 150 financial institutions and portals (including 5 of the top 10 U.S. banks) offer services powered by Yodlee.
A group of startups poised to benefit from this shift are those offering banking as a service. One such startup, Unit, has raised $51 million in a Series B round to further its goal of making it ...
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Accordingly, a merged entity had been formed effective from 01-01-2004 by the name, Accel Transmatic Ltd (ATL). The legal completion of the merger was completed on 9 February 2005. In 2007, Accel Transmatic expanded its animation production by opening up a motion-capture facility in the Kinfra-Film & Video Park in Thiruvananthapuram .
In November 2021, PB Fintech Ltd., the parent company of Policybazaar, opened its initial public offering (IPO) and raised ₹ 5,625 crore (US$760.98 million). [30] Shares of PB Fintech Ltd. began trading on National Stock Exchange and Bombay Stock Exchange on 15 November 2021.
Moglix was founded in 2015 by Rahul Garg, a former Google executive and an alumnus of IIT Kanpur and ISB. [7] The company began its operations in August 2015 and received initial funding from Ratan Tata and Accel Partners in October 2015. [4]