Accel Partners, a leading venture capital firm operating in Silicon Valley, Europe, Israel and China, today announced the formation of Accel India Venture Fund. The latest element in Accel’s global strategy, Accel India Venture will focus on early-stage venture investing, delivering active, hands-on strategic and operational guidance in partnership with India’s most promising entrepreneurs. Accel India Venture Fund will be managed by four experienced partners who currently are the Partners of Erasmic Venture Fund (EVF). EVF is one of the leading seed and early-stage investment groups in India, with a portfolio including Mu Sigma, Inbiopro, HolidayIQ, Kaati Zone, Myntra, Sconce, Virident and many other exciting new ventures. Subrata Mitra, Prashanth Prakash, Mahendran Balachandran and Gagan Kumar bring deep entrepreneurial and operational expertise as well as a strong track record of helping entrepreneurs to develop successful new businesses in India. All four individuals will be joining Accel as the Partners of Accel India Venture Fund.Accel India Venture Fund will seek to work with India’s best entrepreneurs from the very earliest stages of the new venture creation process. […]