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Accel raises $650mn for 8th India fund – Times of India

Accel raises 0mn for 8th India fund – Times of India

BENGALURU: Accel secured $650 million for its eighth India-focused fund, as shown in the US SEC filings. This commitment demonstrates confidence in India’s growing startup ecosystem, despite global economic uncertainties affecting investment sentiment.With this capital, Accel intends to enhance its backing for both nascent ventures and existing portfolio companies across sectors. This capital raise aligns with significant progress among Accel’s …

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Nestaway’s Sahu files fraud charges against investors like Tiger – Times of India

Nestaway’s Sahu files fraud charges against investors like Tiger – Times of India

BENGALURU: Home rental platform Nestaway Technologies co-founder Amarendra Sahu has filed charges against prominent investors, including Tiger Global Management, Goldman Sachs, Chiratae Ventures and Schroders Adveq, alleging cheating, forgery, intimidation and criminal conspiracy.Sahu filed a complaint with an Economic Offences Wing in Odisha regarding the Bengaluru-based company’s sale to Aurum PropTech. He alleged that the investors forcefully concluded the sale …

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