Accel, Prosus team up for early-stage investments in India

Dutch technology investor Prosus and US-based venture capital firm Accel have entered into a partnership to co-invest in early-stage Indian startups across areas such as advanced manufacturing, energy transition and artificial intelligence-based automation, according to a joint statement.

The tie-up expands Atoms X, Accel’s early-stage founder programme, with Prosus set to match Accel’s investments in each selected startup. On a combined basis, the cheque size for seed investments under this programme will range between $200,000 and $2 million,…