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accel.
abbreviation for
- accelerando.
accel.
abbreviation for
- accelerando
Example Sentences
Asia’s third-largest economy has been a hotbed for innovation, birthing several dozen unicorns - or tech companies valued at over $1bn - but they’ve all largely built for the “top 10%” of urban Indians, according to Anand Daniel, partner at Accel Ventures, which has funded some of the country’s most successful ventures, from Flipkart to Swiggy and Urban Company.
Accel itself is now cutting more cheques to entrepreneurs solving for the rural market, recently announcing it will invest up to $1m in rural start-ups through its pre-seed accelerator programme.
In fact, the top 20% of this demographic spends more money than half of those that live in the cities, according to Accel’s own estimates.
Private equity firms Accel and Tiger Global, two early backers of Indian e-commerce firm Flipkart, are in talks to sell their remaining stake in the company to parent Walmart Inc for about $1.5 billion, the Economic Times reported on Thursday.
Accel could not be immediately reached for a comment.
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