Data from Crunchbase shows that there’s still a continuing clip of India-focused private investment funds being established, both by new contenders or decades old firms.
That’s a large uptick from a decade ago: in 2009, there were only two new India-focused private investment funds announced, according to Crunchbase data.
Earlier this month, Accel announced a $550 million India-focused fund, its sixth in the region, to invest in more early stage upstarts in the country.
With the new money, Accel has about $1.6 billion assets under management in India.
Pivoting to Sequoia, another high profile investment firm based in Menlo Park, we can see that it has over $4.5 billion in assets in India.
The Accel team claims its India investments have created around $100 billion of enterprise value in the past decade.
There’s another homegrown firm, Nexus Venture Partners, which manages $1.5 billion across its United States and India funds.