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November 11, 2009
Accel Reiterates Growth Investing in India
With Neeraj Bharadwaj as Managing Director, Accel Partners, a leading global venture capital and growth equity firm operating in Silicon Valley, Europe, Israel, China and India, has reiterated its focus to build its growth equity investing initiative in India. This will complement Accel's existing venture capital activity in India, which targets $10M-$50M (€6.6M - €33M) investments and active involvement in high potential incubation-mode companies. To date, the Accel India venture portfolio includes companies such as MuSigma, Inbiopro, Kaati Zone, Myntra and Perfint.
This is an exciting time for growth capital investing in India given the nation's economic growth and the emergence of first generation companies competing successfully with the incumbents in key markets. Accel has the ideal platform to assist these companies, and a stellar track record of building market leaders in media, technology, retail and other high-growth sectors. Accel hopes to leverage on its global network, resources and experience to transform these exciting buds flowering into world-class companies in India.
With over $6B (€4M) under management, Accel has helped entrepreneurs build over 300 successful companies, many of which have defined their categories, including Agile Software, AMCC, BBN, ComScore, Etsy, Facebook, Foundry Networks, GlamMedia, Infinera, JBoss, Kayak, Macromedia, Portal Software, QlikTech, Rapt, Real Networks, UUNe, Veritas, Walmart.com, XenSource and Zimbra. Prior to Accel, Neeraj helped set up Indian operations of APAX, and prior to that was a Partner in the US. He has been involved with include Apollo Hospitals (AHEL), Jamdat, Widerthan, NXP and others on the side of investments. He was selected as a Young Global Leader of the World Economic Forum, is a Charter Member of The Indus Entrepreneurs (TiE), Board Member of the Olympic Goldquest and was part of the team that launched the Indian School of Business (ISB). Prior to joining Apax Partners in 1999, Neeraj held positions at McKinsey & Company, Goldman Sachs and Morgan Stanley. Neeraj holds an MBA with distinction from Harvard Business School, and graduated summa cum laude with a BS in Economics from the Wharton School of the University of Pennsylvania.
By Raghuraman R
Posted on November 11, 2009 07:48 PM | Posted to News And Updates | Venture Capital | Permalink
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