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America’s Accel is investing US$650 million funds in south-east Asian and Indian startups

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Accel, an American-based capital venture firm, has decided to invest US$650 million funds in south-east Asian and Indian startups. The venture company has raised 7th and the highest funding series of its history, taking the funding commitments to US$2 billion. In the Asian region, Accel is particularly interested in Indian startups, including Flipkart, an e-commerce marketplace, and Freshworks, a software consultancy. Accel aims to boost and support e-commerce, consumer fintech, software as a service, digital health, and web 3.0 in south-east Asia. Accel’s investment portfolio involves Pluang (an Indonesian investment app), Xendit (a payment gateway), and Anxie Infinity (NFT video game).

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Consumer Goods industry will surpass $15T globally by 2025. However the old business model of mass distribution is about to become obsolete. New Trends such as Digital Transformation, Millennials and Gen Z effect, Direct to Consumer and Post-Covid World are going to reshape the winning formula for the new era CG industry. ConsumerGeniuses.com is a content platform where we curate latest innovations and disruptions in the Top global trends in the Consumer Goods industry. ConsumerGeniuses is managed by IndustryGeniuses (A place where industries meet innovation). We are rolling out content platforms for the world’s hottest industries such as Food & Grocery Retail, Consumer Goods and Healthcare. Sign up to our weekly newsletter(s) and never miss out: https://signup.industrygeniuses.com/newsletter
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ConsumerGeniuses

Consumer Goods industry will surpass $15T globally by 2025. However the old business model of mass distribution is about to become obsolete. Digital Transformation, Millennials and Gen Z effect, Direct to Consumer and Post-Covid World are going to reshape the winning formula for the new era CG industry. Our weekly newsletter covers global innovations and disruptions in CG industry.

ConsumerGeniuses is managed by IndustryGeniuses (A place where industries meet innovation). We are rolling out content platforms for the world’s hottest industries such as Food & Grocery Retail, Consumer Goods and Healthcare. For each of these key industries, we support Tech Startups and Industry Disruptors as they roll out next generation digital initiatives.

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