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Elevation Capital and Accel Among Top 5 VC Funds for Startups Launched in India 2022

According to Inc42, among the Top 5 VC Funds For Startups Launched In India 2022, two are involved in the Web3.

Elevation Capital

The Gurugram-based venture capital firm launched a $670 Mn Fund VIII in April this year. The fund would invest between $2 Mn and  $5 Mn in early and growth-stage ventures operating in sectors including consumer tech, consumer brands, fintech, SaaS and Web3. 

The VC firm also backed multiple startups such as Country Delight, CityMall, Nanonets, Polygon, Pillow, Curelink, Sprinto, Minitifi and SuperOps.ai this year.

Accel

The Silicon Valley-based VC firm secured $650 Mn towards its seventh fund, the Accel India VII. The sector-agnostic fund would infuse capital in early-stage startups operating in India and Southeast Asia (SEA) regions.

In February, Accel also shortlisted 14 Indian startups, working in sectors like SaaS, healthtech, fintech, cryptocurrency, and Web 3.0, for pre-seed funding under its Atoms program.

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