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The new fund is around 15% smaller than Accel’s previous India fund. Accel had closed $650 million for its eighth India fund in January last year.
Succession planning is likely to remain an area that investors will watch over long term with Cult.fit IPO expected to be largely an OFS-driven liquidity event.
British International Investment (BII), Accel India, and Parul Alok Mittal are also participating in the funding round.
The round also saw participation from existing and new investors including Accel, BoldCap, Nexus Venture Partners, Premji Invest, and Unbound.
The funding round also saw participation from Sameer Brij Verma and Sandeep Singhal, Industrial47, and existing investor Singularity AMC.
The funding round also saw participation from GrowthCap Venture Fund.
Elevation Capital and Accel India participated in the investment round.
These reports are the most comprehensive, portfolio-first examination of fintech and financial services playbook of Peak XV, Elevation and Accel to date.
The round also saw participation from existing investors Lightspeed and Z47.
inFINity 3.0, which was announced in February 2026 in partnership with Atrium Ventures, attracted over 600 applications and 30 startups have been shortlisted.
Early last year, Accel closed a $650 million early-stage fund for India and Southeast Asia.
The startup will use the fresh capital to expand its AI platform, grow its network of partner accounting firms in North America, and scale its go-to-market efforts.
The round values the company at around $500 million.
The funding round also saw participation from existing investors Lightspeed and Info Edge Ventures.
The public offer comprises of fresh issue of shares of Rs 1,500 crore and an offer for sale (OFS) of 136 million shares.
Earlier, it had raised $500,000 in September 2025 from Y Combinator as part of the Fall 2025 batch.
This funding round also includes a portion of the previously announced investments from Microsoft and Nvidia.
The funds will be used in research and development, advancing satellite deployment plans, and scaling its data relay network.
AWS is the Official Cloud Partner for the program, inFINity 3.0.
The investment round saw participation from WillowTree Ventures and MVP Ventures, and angel investors.
