Palo Alto, California-based Accel Partners is spreading its wings in India. The venture and growth investor, which manages a $6 billion global capital pool, has hired Neeraj Bharadwaj to steer its growth investments here. Bharadwaj moves from private equity major Apax Partners after an eleven year stint, which included leading the firm’s India investments from late 2006. In a press statement, announcing his new assignment, he says that high-growth sectors such as media, technology and retail will be among his areas of focus.
Accel will invest between $10 million and $50 million in mid-sized companies, as part of its growth investing strategy, said the press statement. It is the latest in a growing line of venture capital investors who want to straddle early stage and growth opportunities here with equal focus. Read the full story
