Comments on: Accel India Venture Fund Closes $60 Million Seed And Early Stage Fund http://www.techcrunch.com/2008/11/12/accel-india-venture-fund-closes-60-million-seed-and-early-stage-fund/ Startup and Technology News Tue, 10 Nov 2009 18:48:13 -0800 hourly 1 By: Victory Adams http://www.techcrunch.com/2008/11/12/accel-india-venture-fund-closes-60-million-seed-and-early-stage-fund/comment-page-1/#comment-2532652 Victory Adams Thu, 13 Nov 2008 06:00:03 +0000 http://www.techcrunch.com/?p=27738#comment-2532652 I had not heard of Accel India Venture or any of their companies. However, some other companies are doing very well - Zoho, Yatra, MakemyTrip, Naukri, Monster India, Google India, WiZiQ, authorStream, Rediff and Times of India. Of these Zoho, authorStream, Naukri and WiZiQ deserve special mention as these were started and executed by fresh enterpreneurs [or thats what I think]. Broadband might not be huge in India but given the absolute number, its still good. No wonder, Indians are amongst most active on YouTube. I had not heard of Accel India Venture or any of their companies. However, some other companies are doing very well – Zoho, Yatra, MakemyTrip, Naukri, Monster India, Google India, WiZiQ, authorStream, Rediff and Times of India. Of these Zoho, authorStream, Naukri and WiZiQ deserve special mention as these were started and executed by fresh enterpreneurs [or thats what I think]. Broadband might not be huge in India but given the absolute number, its still good. No wonder, Indians are amongst most active on YouTube.

]]> By: TechWag » Venture Capital Feeling the Pain http://www.techcrunch.com/2008/11/12/accel-india-venture-fund-closes-60-million-seed-and-early-stage-fund/comment-page-1/#comment-2532464 TechWag » Venture Capital Feeling the Pain Thu, 13 Nov 2008 02:16:00 +0000 http://www.techcrunch.com/?p=27738#comment-2532464 [...] Accel India Venture Fund Closes $60 Million Seed And Early Stage Fund [...] [...] Accel India Venture Fund Closes $60 Million Seed And Early Stage Fund [...]

]]> By: Arrington-Facebook deal http://www.techcrunch.com/2008/11/12/accel-india-venture-fund-closes-60-million-seed-and-early-stage-fund/comment-page-1/#comment-2532256 Arrington-Facebook deal Wed, 12 Nov 2008 23:23:33 +0000 http://www.techcrunch.com/?p=27738#comment-2532256 @ real geek. You are right. Infosys, Wipro, Satyam, Cognizant are cheap sweat shops. They will be in business as long as their US clients are in business, that is making profits. Now with Lehmann Brothers and ML and AIG gone, let us see what they do. About Erasmic, they are assholes. Bunch of mangers of middle east companies they will keep their monies within their circle of friends. More assholes, more shoddy companies. @ real geek. You are right. Infosys, Wipro, Satyam, Cognizant are cheap sweat shops. They will be in business as long as their US clients are in business, that is making profits. Now with Lehmann Brothers and ML and AIG gone, let us see what they do.

About Erasmic, they are assholes. Bunch of mangers of middle east companies they will keep their monies within their circle of friends. More assholes, more shoddy companies.

]]> By: November 12, 2008 | next media update http://www.techcrunch.com/2008/11/12/accel-india-venture-fund-closes-60-million-seed-and-early-stage-fund/comment-page-1/#comment-2532051 November 12, 2008 | next media update Wed, 12 Nov 2008 20:40:04 +0000 http://www.techcrunch.com/?p=27738#comment-2532051 [...] Accel India Venture Fund Closes $60 Million Seed And Early Stage Fund TECHCRUNCH Accel India Venture Fund , which came out of Accel’s recent absorption of Indian VC firm Erasmic, as predicted has closed $60 million in a second round of funding (the earlier round was $12mn) from institutional investors from North America, Europe and Asia, according to Pluggdin . Accel believes that seed and early stage markets continue to be under served in India, despite being one of the fastest-growing economies in the world, attracting less than 5% of the total venture capital funds. The firm stated there will not be a significant shift in the multi-sector investment strategy of Accel. Source> [...] [...] Accel India Venture Fund Closes $60 Million Seed And Early Stage Fund TECHCRUNCH Accel India Venture Fund , which came out of Accel’s recent absorption of Indian VC firm Erasmic, as predicted has closed $60 million in a second round of funding (the earlier round was $12mn) from institutional investors from North America, Europe and Asia, according to Pluggdin . Accel believes that seed and early stage markets continue to be under served in India, despite being one of the fastest-growing economies in the world, attracting less than 5% of the total venture capital funds. The firm stated there will not be a significant shift in the multi-sector investment strategy of Accel. Source> [...]

]]> By: realgeek http://www.techcrunch.com/2008/11/12/accel-india-venture-fund-closes-60-million-seed-and-early-stage-fund/comment-page-1/#comment-2532003 realgeek Wed, 12 Nov 2008 19:42:03 +0000 http://www.techcrunch.com/?p=27738#comment-2532003 Indian companies sell 256 kbps Internet connection by calling it high speed and even broadband sometimes which is not just foolish but also illegal. I haven't heard of single company in Accel India's portfolio while I don't think that India has the infrastructure where Internet products could be nurtured. IT companies like Infosys and Wipro are just doing cheap IT labor work and expecting innovation from them is unfair. Zoho did a great job in spite of all the odds and the fact that it is not venture capital funded compels us to ask whether these VC firms should invest in products first or in getting the infrastructure ready. Indian companies sell 256 kbps Internet connection by calling it high speed and even broadband sometimes which is not just foolish but also illegal.
I haven’t heard of single company in Accel India’s portfolio while I don’t think that India has the infrastructure where Internet products could be nurtured. IT companies like Infosys and Wipro are just doing cheap IT labor work and expecting innovation from them is unfair. Zoho did a great job in spite of all the odds and the fact that it is not venture capital funded compels us to ask whether these VC firms should invest in products first or in getting the infrastructure ready.

]]> By: vinay http://www.techcrunch.com/2008/11/12/accel-india-venture-fund-closes-60-million-seed-and-early-stage-fund/comment-page-1/#comment-2531929 vinay Wed, 12 Nov 2008 18:52:41 +0000 http://www.techcrunch.com/?p=27738#comment-2531929 That is where the opportunity is. You do not need credit card bcoz people do not live in credit. The no of debit cards is much more than credit cards. If internet does not work , mobile works in every corner of India and we have mobile based payments coming up. That is where the opportunity is. You do not need credit card bcoz people do not live in credit. The no of debit cards is much more than credit cards.
If internet does not work , mobile works in every corner of India and we have mobile based payments coming up.

]]> By: San Nayak http://www.techcrunch.com/2008/11/12/accel-india-venture-fund-closes-60-million-seed-and-early-stage-fund/comment-page-1/#comment-2531841 San Nayak Wed, 12 Nov 2008 18:09:21 +0000 http://www.techcrunch.com/?p=27738#comment-2531841 I agree to Ninja, New Delhi is just a part of India and nothing in front of the whole mass. Look beyond the metros, you can see how people are still struggling for internet and rest of the things related to internet. I agree to Ninja, New Delhi is just a part of India and nothing in front of the whole mass. Look beyond the metros, you can see how people are still struggling for internet and rest of the things related to internet.

]]> By: Ninja http://www.techcrunch.com/2008/11/12/accel-india-venture-fund-closes-60-million-seed-and-early-stage-fund/comment-page-1/#comment-2531732 Ninja Wed, 12 Nov 2008 17:01:15 +0000 http://www.techcrunch.com/?p=27738#comment-2531732 Not many people have broadband connection in India and credit cards. I think these are two big hurdles for indian web ecosystem. Not many people have broadband connection in India and credit cards. I think these are two big hurdles for indian web ecosystem.

]]> By: Accel India Venture Fund、$60Mのシード及び早期段階への投資資金を確保 http://www.techcrunch.com/2008/11/12/accel-india-venture-fund-closes-60-million-seed-and-early-stage-fund/comment-page-1/#comment-2531600 Accel India Venture Fund、$60Mのシード及び早期段階への投資資金を確保 Wed, 12 Nov 2008 15:27:56 +0000 http://www.techcrunch.com/?p=27738#comment-2531600 [...] Prakashの4人。CrunchBase InformationAccel PartnersInformation provided by CrunchBase[原文へ]（翻訳：Namekawa, U） ShowListings("arc3"); ShowListings("arc2"); AddClipsUrl = [...] [...] Prakashの4人。CrunchBase InformationAccel PartnersInformation provided by CrunchBase[原文へ]（翻訳：Namekawa, U） ShowListings(”arc3″); ShowListings(”arc2″); AddClipsUrl = [...]

]]> By: Ankit Gupta http://www.techcrunch.com/2008/11/12/accel-india-venture-fund-closes-60-million-seed-and-early-stage-fund/comment-page-1/#comment-2531562 Ankit Gupta Wed, 12 Nov 2008 15:03:43 +0000 http://www.techcrunch.com/?p=27738#comment-2531562 I don't live in India, but visit every 2-3 years and stay for a month or more, and haven't noticed any issue with broadband in New Delhi. Is there a specific region you're thinking of? I don’t live in India, but visit every 2-3 years and stay for a month or more, and haven’t noticed any issue with broadband in New Delhi. Is there a specific region you’re thinking of?

]]> By: Justin http://www.techcrunch.com/2008/11/12/accel-india-venture-fund-closes-60-million-seed-and-early-stage-fund/comment-page-1/#comment-2531554 Justin Wed, 12 Nov 2008 14:59:16 +0000 http://www.techcrunch.com/?p=27738#comment-2531554 Broadband penetration in India is still at the very early stage and is a major hurdle for a person to venture into business leaving their boring jobs. Broadband penetration in India is still at the very early stage and is a major hurdle for a person to venture into business leaving their boring jobs.

]]> By: George http://www.techcrunch.com/2008/11/12/accel-india-venture-fund-closes-60-million-seed-and-early-stage-fund/comment-page-1/#comment-2531534 George Wed, 12 Nov 2008 14:49:14 +0000 http://www.techcrunch.com/?p=27738#comment-2531534 Just goes to show there's still capital out there that's looking to find a home. Just goes to show there’s still capital out there that’s looking to find a home.

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