Accel India
Also known as Accel Partners India
Bengaluru, India Founded 2008 accel.com
Accel India’s latest fund is Accel India Fund VIII: $650M, 2025, #79 of 427 firms by latest fund.
The numbers
| Year | Raised |
|---|---|
| 2022 | $650M |
| 2025 | $650M |
Updates from Accel India
Overview
India/SE Asia team of global Accel (founded 1983); founded year refers to the India practice.
Funds
| Fund | Closed | Size | Source |
|---|---|---|---|
| Accel India Fund VIII | 2025 | $650M | techcrunch.com |
| Accel India Fund VII | 2022 | $650M | techcrunch.com |
LPs on the record
2 private foundations list on their latest IRS Form 990-PF, and 3 other LPs report holding Accel India’s funds.
- The Leona M and Harry B Helmsley Charitable Trust
- Swartz Foundation Trust
- State of Michigan Retirement System (SMRS)
2 more LPs are in the app. Find LPs that back firms like this one in Hottub’s LP Intelligence: ranked by overlap, with what each holds and how to reach it.
Firms whose LPs overlap
The firms sharing the most LPs on record with Accel India, relative to how many LPs each has. A peer set like this is what Find LPs ranks LPs from.
- Accel
- Arboretum Ventures, LLC
- Trinity Ventures
- Meritech Capital
- Bain Capital Ventures
- Insight Partners
Find LPs for Accel India and these firms: Hottub ranks the LPs that hold their funds, the ones still adding funds first.
Reported fund performance
As reported by public LPs that invested in these funds, net of fees. “Versus vintage” ranks each fund against every other fund of the same vintage in that LP’s report, mostly private equity and venture funds. Open a fund for its cash flows and full peer ranking.
| Fund | Vintage | Net IRR | Versus vintage (IRR) | TVPI | DPI | Reported by |
|---|---|---|---|---|---|---|
| Accel India VII | — | N/M | — | — | State of Michigan Retirement System (SMRS) | |
| Accel India VIII | — | N/M | — | — | State of Michigan Retirement System (SMRS) |
State of Michigan Retirement System (SMRS): State of Michigan Investment Board Report: SMRS Private Equity, Net Market Value by Entity, as of December 31, 2025. The State of Michigan Investment Board lists each private equity entity with only two amounts, an "Adjusted Reported Value" (shown here as the market value, in whole dollars as printed) and an "Unfunded Commitment" (not shown). It reports no commitment amount, contributions, distributions, vintage year, multiple or IRR per fund, so committed, paid-in, distributed, total value, IRR, TVPI and DPI are blank; nothing is derived or estimated. The report does not define how the reported value is adjusted. Every entity in the Private Equity table is included as classified by the Board (buyout, growth, venture, secondaries, co-investment and separate-account vehicles); the Real Estate and Infrastructure, Real Return and Opportunistic, and Absolute Return tables are not imported. The entities add up to the Board's printed Total of $24,750,150,762 reported value and $7,378,170,291 unfunded; its "Short Term Investments and Other" and "Income Accruals" lines are not funds and are left out. 4 entities are marked by the Board as new commitments made during the quarter. View source
About this data
Fund sizes come from firm announcements, SEC filings, and press reports, converted to US dollars near the closing date. Compiled as of October 9, 2026. Notable portfolio companies are examples from public sources, not a complete list.