With $650 million in investor commitments, Accel, an early-stage investor of Flipkart and Swiggy, has closed its eighth fund dedicated to India. With this, Accel will have committed over $3 billion in investments in India overall, as per reported by ET.

Accel plans to use this funding to strengthen its support for both new business endeavors and portfolio firms in a variety of industries.

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This funding round coincides with important advancements in Accel’s noteworthy Indian investments. While jewelry store Bluestone filed its IPO draft papers, Swiggy, the food delivery service, and logistics company BlackBuck are getting ready for public offerings. These advancements demonstrate Accel’s ability to help businesses become market leaders.

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