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Flipkart investor Accel raises $450 million for fifth India fund

The new fund will start making investments from 2017 and is nearly 40% larger than the previous fund raised by Accel in March 2015. Accel is one of the country’s most active venture capital firms known for being an early backer of e-tailing giant Flipkart and software firm Freshdesk, has raised its fifth and largest India dedicated fund till date of $450 million. The new fund will start making investments from 2017.

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