VC Dry Powder Hits Record as Accel Closes $550M India Fund, Table Space Files IPO

$550 million — That's the fresh dry powder Accel just locked into its ninth India fund, closing it oversubscribed within weeks. In a market where some VCs are nursing hangovers from 2022-era excess, the speed of this raise signals something interesting: institutional capital still sees India as a high-conviction bet. The fund, Accel's ninth dedicated to the subcontinent, comes just 19 months after its predecessor, and the firm is doubling down on early-stage...