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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 .
Accel Limited acquired Atreya Technologies and Industrial Development Private Limited, Delhi and the services business of Network Limited, Delhi in June 1996 and April 1997, respectively, to benefit from their service networks in relation to telecom/IT equipment.
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 .
The company was founded in 1988 by Jignesh Shah and is headquartered in Mumbai, India. [9] [10] It offers technology-based intellectual property to create and trade on financial markets. [11] It had its first IPO in 1995. The company introduced its first commodity derivatives trading platform, the Multi Commodity Exchange (MCX) in 2003. [12]
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 ...
Drip Capital has raised nearly $640 million in venture capital and debt funding since it started operations. Drip is backed by prominent equity investors, including, Accel, Wing, Transpose Platform, Peak XV Partners (Sequoia India), Sumitomo Mitsui Banking Corporation (SMBC), GMO Payment Gateway, and Y-Combinator.
In 2021, Moglix launched Credlix for supply chain financing and acquired Singapore-based EXIM fintech company NuPhi. [2] In 2022, Moglix expanded its operations to Khalifa Port Free Trade Zone (KIZAD), Abu Dhabi. [2] During the same year, the company invested around $5 million in EV manufacturing company Euler motors. [12]
In October 2007, Myntra received its initial funding from Erasmic Venture Fund (now known as Accel Partners), Sasha Mirchandani from Mumbai Angels and a few other investors. In November 2008, Myntra raised almost $5 million from NEA-IndoUS Ventures, IDG Ventures and Accel Partners. Myntra raised $14 million in a Series B round of funding.