Accel, Premji Invest and others invest over $100 million in Amagi The venture funds have bought out the stake held by Emerald Media (an investment platform backed by KKR) and Mayfield Fund. Nadathur Holdings continues as an existing investor in Amagi.
Skeps raises $9.5 million in funding led by Bertelsmann India Investments The company intends to use the funds to expand the sales, marketing, engineering, and product teams, grow their merchant and lender client base, and broaden services offered to their customers.
VC firm Accel launches Atoms programme to back early-stage startups Accel Atoms fund will invest $250,000 in startups with an uncapped convertible, meaning the venture capital firm will not pick up a stake in the pre-seed round but will do so in subsequent fundraisings.
Breathe Well-Being raises $5.5 million in funding led by Accel General Catalyst, 3one4 Capital and Scott Shleifer, the global managing director of New York-based investment firm Tiger Global also participated in the round, said a senior company executive.