Accel could raise billions for India, but it's sticking to $650 million [TechCrunch]
Freshworks Inc. (FRSH)
Last freshworks inc. earnings: 3/14 04:05 pm
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Source: TechCrunch
The firm had ample opportunity to raise “multi-billion dollars,” said Shekhar Kirani, partner at Accel, in an interview with TechCrunch. But unlike peers who have supersized their funds, Accel is holding steady based on a calculated analysis of India's venture opportunity. Peak XV has amassed $2.5 billion in its newest set of funds for the region, while Lightspeed has nearly doubled its India fund to $500 million in recent years. Stellaris, which launched in 2017 with a $90 million fund, recently announced its third fund at $300 million. “We have done a lot of historic studies in the U.S. and China. As funds go beyond $600-$650 million, historically, even in well established markets, building high quality returns becomes extremely hard,” said Kirani. The strategy mirrors that of U.S. firm Benchmark, which has maintained relatively small fund sizes for decades while delivering outsized returns. According to industry estimates, Accel has consistently delivered the strongest retur
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FRSH
News
- Freshworks Inc. (NASDAQ: FRSH) had its price target raised by analysts at Wells Fargo & Company from $14.00 to $16.00. They now have an "equal weight" rating on the stock.MarketBeat
- Freshworks to Participate in 27th Annual Needham Growth ConferenceGlobeNewswire
- Freshworks Inc. (NASDAQ: FRSH) had its price target raised by analysts at Piper Sandler from $18.00 to $20.00. They now have an "overweight" rating on the stock.MarketBeat
- 3 Big Reasons FRSH Should Be On Your Watchlist [Yahoo! Finance]Yahoo! Finance
- Accel closes $650 million for new India fund [TechCrunch]TechCrunch
FRSH
Earnings
- 11/6/24 - Beat
FRSH
Sec Filings
- 1/6/25 - Form 4
- 1/6/25 - Form 4
- 1/6/25 - Form 4
- FRSH's page on the SEC website