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The Venture Codex

Accel India

886/A, Confident Electra 17th E Main Road, opposite Koramangala club, 6th Block, Koramangala 560095
Bengaluru, Karnataka, India

Overview

Accel is an early and growth-stage venture capital firm that powers a global community of entrepreneurs. Accel backs entrepreneurs who have what it takes to build a business. Accel’s vision for entrepreneurship and business enables it to identify and invest in the companies that will be responsible for the growth of next-generation industries. Accel-backed companies include Atlassian, Braintree, Cloudera, DJI, Dropbox, Dropcam, Etsy, Facebook, Flipkart, Lookout Security, MoPub, Qualtrics, Slack, Spotify, Supercell, Vox Media, and others.

Total investments
37
Lead investments
16
Investments · 12mo
10
Active investors
9

Sector focus

  • Finance
  • Financial Services
  • Venture Capital
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Investment portfolio

  • Simplismart

    Participated · Series B · Aug 2026

    Simplismart develops an AI inference platform and has been expanding its enterprise AI offerings. Earlier reporting states the company planned to make its inference platform available on Nvidia infrastructure. The firm is described as an AI infrastructure startup and is currently pursuing external funding. Public coverage links the startup to a reported $20 million fundraise at about a $100 million valuation and notes participation by several angel investors. The articles do not provide revenue, user metrics, founding year, or location information.

  • Scimplifi

    Participated · Series C · Jul 2026

    Scimplify operates as an integrated specialty chemicals platform that connects manufacturers with customers across industries including pharmaceuticals, agriculture, personal care and industrial chemicals. The company emphasizes a technology-enabled supply chain, an asset-light integrated manufacturing network, strong R&D capabilities, and relationships with global customers. Planned initiatives include expanding specialty chemical production, investing in research and development, strengthening manufacturing partnerships, enhancing digital supply-chain capabilities, scaling exports, and hiring talent across science, engineering and business functions. The startup aims to deepen its international presence and expand its product portfolio using the fresh capital. The article highlights sector tailwinds—such as China-plus-one sourcing strategies and rising global demand—that underpin Scimplify's growth opportunity. It also notes challenges the company faces, including raw material price volatility, environmental and regulatory compliance, global competition, supply chain disruptions, and the need to scale manufacturing while maintaining product quality.

  • Indifi Technologies

    Participated · Equity · Jul 2026

    Founded in 2015 by Alok Mittal and Siddharth Mahanot, Indifi operates a technology-led lending platform that facilitates unsecured business loans to SMEs via partnerships with lending institutions. The company says it has facilitated more than 1.5 lakh loans across 400-plus cities through partnerships with over 80 lending institutions. Indifi reported operating revenue of Rs 360 crore in FY25, up 22.4% from Rs 294.24 crore a year earlier, while its net loss widened 64% to Rs 45.04 crore in the same period. The fresh Rs 79 crore injection from existing backers is intended to expand operations, strengthen infrastructure, meet working capital needs, repay debt, and cover other corporate requirements. Previously, Indifi secured $35 million in 2023 in a round led by ICICI Venture.

  • Apna Mart

    Led · Series C · Jun 2026

    Founded by Abhishek Singh and Chetan Garg, Apna Mart operates a neighborhood store–led quick-commerce model that promises grocery deliveries in around 10 minutes. The company focuses on franchise-driven expansion across Tier II and Tier III cities and competes with players like Blinkit, Swiggy Instamart, and Zepto. For the fiscal year ended March 2025, Apna Mart reported operating revenue of Rs 185 crore and a net loss of Rs 76 crore, and it later reported revenue growth to Rs 500 crore in FY26 without disclosing profitability. The business recently laid off about 10% of its workforce and shifted its headquarters from Bengaluru to Gurugram. Key operating metrics disclosed are primarily revenue figures; no user or unit-economics details were provided in the filings.

  • Orange Health Labs

    Participated · Series C · Jun 2026

    Founded in 2020 by Dhruv Gupta and Tarun Bhambra and based in Bengaluru, Orange Health Labs operates a full-stack diagnostics and healthcare platform that provides on-demand testing and at-home sample collection for routine diagnostics. The company has raised nearly $50 million prior to the Series C, including a $25M Series B in 2022 led by General Catalyst and Bertelsmann and a $12M round in 2024 led by Amazon Sambhav Venture Fund. In FY25 Orange Health Labs reported revenue of Rs 84 crore and a loss of Rs 81 crore. The Series C consists of issuance of Series C compulsorily convertible preference shares to raise Rs 277 crore, led by Iron Pillar India alongside Crescent Enterprises, Bertelsmann, Accel India, General Catalyst, Good Capital, and Paramark Frontier Fund. The round values the company at approximately Rs 1,950 crore (~$205M) post-money and adjusts major shareholdings, with Accel India remaining the largest external investor.

Team