Now, as over 3,000 startups are founded each year in India, Accel decided to figure out a scalable way of helping as many founders as possible from their inception. Besides making knowledge easily accessible, Accel through SeedtoScale is focusing on creating targeted programmes. It is also focusing on enabling a non-judgmental peer learning environment with experienced founders and investors.
Accel said it has partnered with many category-defining startups from their inception all the way to scale and exit. As a seed- focused fund, it started working with these founders when most of them worked out of a single bedroom or a home office. Over the past 15 years, the firm said it has learnt together with these 300 founders through their several ups and downs.
Accel has made 169 seed investments. It said the combined market cap of these firms today is over $50 billion. The number of jobs created by these companies is over 110,000. It said the micro-entrepreneurs created by these ventures are over 2 million.
Accel said when it started its journey in 2005 from a small office in Bengaluru, there were 50 million Indian internet users, and the combined market cap of Indian startups was $1 billion at best. Fast forward 15 years to today, India is a powerhouse in the global startup landscape and growing stronger each year.
“Armed with our experience, we are excited to contribute to that journey ahead, with our new initiative - SeedToScale,” said Accel.
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