Venture firms step into Unicorn rounds

Firms like Accel and Lightspeed that mostly restricted themselves to early-stage bets for new investments have started entering companies at Unicorns valuations. While they will continue focusing on early bets, punching above is clearly paying off

author-image

By 

Madhav Chanchani

September 07, 2021

4 Min Read

Venture capital funds, typically used to being the first institutional investor in early-stage startups, are now entering companies at billion-dollar valuations.

What is Happening? The latest is Lightspeed Venture Partners, which is in talks to invest in Acko, said two sources briefed on the matter. The online general insurance startup is looking to raise $200-250 million at a pre-money valuation of a little over $800 million, one of them said. 

Private equity major General Atlantic also has been finalized to invest in Acko, they said.

Similarly, Accel recently co-led a $650-million investment with SoftBank Vision Fund in upskilling and executive education company Eruditus. The deal was executed at a post-money valuation of $3.2 billion. In fact, Accel already had been in discussions with Eruditus before SoftBank came into the picture.

“Accel was set to lead a $200-250 million round in the company along with Prosus before SoftBank came in. The venture firm has invested about $130 million in the round,” said a source briefed on the transaction.

Join now to continue reading

Sign in using

Or

Sign in using your email

Don't have an account?

Forgot Password?

By signing up for The CapTable you agree to the

Terms of Service

and

Privacy Policy

of the platform.

Smart Information, Better Decisions

We report on the latest and most important developments in India’s biggest tech companies and disruptive startups so you can make better decisions.

Inside View with Org Charts

Know the key decision-makers with Org Charts. We thrive on decoding boardroom conversations so we can bring you a 360° view of what's happening at India's high-growth companies.

Seasoned Team

Tracking the highs and lows of India’s biggest internet companies over the past decade has given us access to the right decision-makers to interpret the latest state of play.

Inside View

We thrive on inside scoops and decoding boardroom conversations so we can bring you a 360° view of what’s happening at India’s high-growth companies.

share-button
like-button
share-button

For subscribers only

Premium Reads

>>

View More >>

Deeply reported and objective news on the country´s fastest-growing companies and the people behind them.