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'Venture capital-backed companies surpass $50 bn in public market cap'
The Morning Standard
|January 07, 2025
THE country's start-up ecosystem is increasingly becoming a driving force behind the country's economic progress, with VC-backed companies crossing $50 billion in public market capitalization, said Shekhar Kirani, Partner at Accel.
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He said Indian founders have built resilient and enduring businesses which have been embraced by public markets. Global VC firm Accel, which raised a $650 million early-stage fund, on Monday said it will focus on sectors including AI, consumer, fintech and manufacturing.
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