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The Latest Breaking News from Accel

Tiger Global-backed Moneyview sets IPO price band for Rs 1,092-crore offer. Check key dates, other details

Moneyview has set its IPO price band at Rs 32-34 per share, with the Rs 1,091.61 crore issue opening on September 24. The IPO comprises a fresh issue of Rs 750 crore and an OFS of up to 10.04 crore shares.

The Economic Times

Up to 152X return! Rentomojo IPO delivers eye-popping gains to Nitish Mittersain, other early backers

Up to 152X return! Rentomojo IPO delivers eye-popping gains to Nitish Mittersain, other early backers

Rentomojo’s stock market debut has turned into a major windfall for early investors, with Nazara Technologies founder Nitish Mittersain set to clock a 152X return on his investment based on the IPO’s upper price band. Several other early backers, including Accel India, Madison India and Rajeev Chitrabhanu, are also poised…

The Economic Times

Rentomojo to go public at Rs 4,246 crore valuation; up 5x from last private round

Rentomojo to go public at Rs 4,246 crore valuation; up 5x from last private round

Through its public offering, Rentomojo is raising Rs 150 crore in fresh capital, while investors including Accel, Chiratae Ventures and ValueQuest are selling shares worth Rs 1,106 crore.

The Economic Times

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Exclusive: German startup Atira raises $17.5 million to streamline cumbersome industrial sales process

Founded by Palantir and Google alums, Atira says its AI agents have cut the time customers take to get from a request to a submitted bid by as much as 80%.

Accel, 2 others sell nearly 5% stake in Amagi Media Labs for Rs 587 crore

Accel, a leading global venture capital firm, along with two other parties, has divested nearly five percent stake in Amagi Media Labs. They sold over one crore equity shares for Rs 587 crore via open market transactions. Notably, domestic mutual funds and an insurance company were part of the buyer's…

The Economic Times

Zetwerk files updated IPO papers with Sebi; plans to raise Rs 2,600-cr via fresh issue

Zetwerk Manufacturing Business Ltd has updated its IPO papers to initiate a substantial Rs 2,600 crore offering. The funds raised are earmarked for paying off debts and making strategic acquisitions. Over recent fiscal years, the company has seen remarkable revenue growth and its order book has doubled. Functioning as a…

The Economic Times

Accel raises $3.5 billion to invest in emerging global AI startups

The firm, which has backed artificial intelligence companies including Anthropic, Cursor and Perplexity, has raised four separate funds dedicated to backing young startups in a moment when the AI race is upending the fundraising market. A $1.35 billion global expansion fund will be set aside for larger early-stage rounds and…

The Economic Times

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Accel’s $550 million India fund; South Park Commons bets on deeptech

Accel’s $550 million India fund; South Park Commons bets on deeptech

Happy Wednesday! Venture capital firm Accel has raised its ninth India fund. This and more in today’s ETtech Morning Dispatch.

The Economic Times

India aims to see electric air taxis fly by 2028, testing to gather pace next year: Union Civil Aviation Minister

India aims to see electric air taxis fly by 2028, testing to gather pace next year: Union Civil Aviation Minister

India aims for electric air taxis to fly by 2028, with testing accelerating next year. Electric vertical take-off and landing aircraft offer new mobility for major congested cities. Sarla Aviation is developing a six-passenger eVTOL aircraft with seven electric motors. Affordability and safety are key for commercial viability, with localization…

The Economic Times

Exclusive: Startup Arrakis emerges from stealth with $38 million in funding to bring AI to industry

Exclusive: Startup Arrakis emerges from stealth with $38 million in funding to bring AI to industry

The company wants to bring agentic AI to aerospace, energy, logistics, and manufacturing.

Rentomojo gets Sebi nod for IPO; Accel, Chiratae among investors selling stakes

Rentomojo gets Sebi nod for IPO; Accel, Chiratae among investors selling stakes

The company filed a draft red herring prospectus (DRHP) with the market regulator in March this year. It plans to raise Rs 150 crore via the issue of fresh equity and an offer for sale (OFS) of up to 28 million shares. The face value of each equity share is…

The Economic Times

Flipkart-backed Ninjacart raises $6 million from Accel, Nilekani, Tiger Global

Flipkart-backed Ninjacart raises $6 million from Accel, Nilekani, Tiger Global

The Bengaluru-based company, which supplies fruits and vegetables to quick-commerce platforms, modern trade, kirana stores, restaurants, and exporters, said it has turned Ebitda (earnings before income, tax, depreciation, and amortisation) profitable. It did not disclose the valuation or the total size of the planned multi-tranche round.

The Economic Times

Accel, Nikhil Kamath-backed Sarla Aviation completes flight test campaign of demo e-aircraft

Accel, Nikhil Kamath-backed Sarla Aviation completes flight test campaign of demo e-aircraft

Bengaluru-based Sarla Aviation, backed by Nikhil Kamath, has successfully completed flight tests for its electric aircraft technology demonstrator, Sylla. This milestone precedes the planned 2028 launch of their full air taxi, Shunya. Sylla 1.0 validated key engineering objectives, including vertical take-off and hover capabilities, marking a significant step for India's…

The Economic Times

AI is supercharging the timeline from founding to unicorn status

AI is supercharging the timeline from founding to unicorn status

Europe’s new unicorns are arriving faster in the AI era, with 20% hitting $1 billion within two years since 2023.

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The Economic Times

AI startup Rocket in talks to raise $40-50 million: sources

If completed at the current terms, the round will mark a sharp re-rating for the company less than a year after it raised $15 million from Salesforce Ventures, Accel and Together Fund at a valuation of around $60 million. The new capital is expected to be used to deepen Rocket’s…

The Economic Times

QOSMIC raises $3.3 million from Prosus, Accel, South Park Commons to solve space’s growing data bottleneck

Bengaluru-based QOSMIC has secured $3.33 million in seed funding to tackle a growing bottleneck in space: getting vast amounts of satellite data back to Earth. The newly raised capital will be used to scale manufacturing, integration and testing capabilities, while expanding engineering teams across optics, mechanical systems and electronics.

The Economic Times

L’Oréal-Innovist deal: early investors cash in big, founders pocket Rs 800-900 crore

L'Oréal announced on Thursday that it would acquire a majority stake in Innovist. While the companies did not disclose financial details, people familiar with the transaction told ET that the deal values the Gurugram-based startup at around Rs 4,100 crore.

The Economic Times

Rapido's early backers look to sell shares worth Rs 100 crore

Angel investors are offloading Rapido shares worth Rs 100 crore as part of a larger $730 million funding round. Swiggy, an early investor, has fully exited its stake. The deal aims for a $3 billion valuation, though some investors are pushing back on pricing.

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The Economic Times

Rekise Marine raises $9.7 million from Accel, NKSquared to build autonomous naval platforms

Bengaluru-based Rekise Marine secured $9.7 million from Accel and NKSquared. The funding will accelerate the development of autonomous ships and submarines for the Indian Navy. The company focuses on full-stack development of unmanned maritime systems. This investment supports the expansion of engineering talent and the advancement of their extra-large autonomous…

The Economic Times

Intel spinout Articul8 eyes $50 million for India heritage AI venture

Articul8, a spin-off from Intel, is raising $30-50 million to establish an India-based AI entity focused on traditional knowledge systems like Sanskrit. The venture aims to build "heritage models" trained on ancient Indian languages and cultural data, with potential applications in various fields and global preservation efforts.

The Economic Times

Sachin Bansal’s Navi in talks to raise $250-300 million from Prosus, Accel US

Sachin Bansal's Navi Technologies is in talks to raise $250-300 million at a $1.8-2 billion valuation, potentially from Prosus and Accel Growth Fund. This funding aims to expand its lending business in Southeast Asia, following strong performance in India. The move comes after a period of regulatory scrutiny and a…

Exclusive: Ex-Palantir AI execs raise $12 million seed round for Perceptic, a startup automating drug discovery

Three former Palantir AI execs founded Perceptic, which is getting funding from Accel, Air Street Capital, and Elder Gull.

The Economic Times

Peak XV joins UK infrastructure startup Primer’s $100 million funding round

Peak XV Partners has joined a $100 million fundraise for global payments infrastructure startup Primer, marking another overseas investment for the Indian VC firm. The funding will accelerate AI investments and US expansion, where Primer expects significant revenue growth.

Exclusive: AI startup Viktor raises $75 million to put a virtual ‘coworker’ in Slack and Teams

The former Meta engineers behind Viktor say their AI agent has hit a $15 million revenue run rate in about 10 weeks.

The Economic Times

Flipkart puts IPO on ice; Rapido's $240 million raise

Flipkart has hit pause on its IPO in a jittery market. This and more in today's ETtech Top 5.

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