accel.

abbreviation

1. accelerando.

accel.

abbreviation

1. accelerando

Example Sentences

Asia’s third-largest economy has been a hotbed for innovation, birthing several dozen unicorns - or tech companies valued at over $1bn - but they’ve all largely built for the “top 10%” of urban Indians, according to Anand Daniel, partner at Accel Ventures, which has funded some of the country’s most successful ventures, from Flipkart to Swiggy and Urban Company.

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Accel itself is now cutting more cheques to entrepreneurs solving for the rural market, recently announcing it will invest up to $1m in rural start-ups through its pre-seed accelerator programme.

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In fact, the top 20% of this demographic spends more money than half of those that live in the cities, according to Accel’s own estimates.

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Private equity firms Accel and Tiger Global, two early backers of Indian e-commerce firm Flipkart, are in talks to sell their remaining stake in the company to parent Walmart Inc for about $1.5 billion, the Economic Times reported on Thursday.

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Accel could not be immediately reached for a comment.

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