An initiative to help aspiring Marketplaces founders to construct scale of their journey
- Accel has powered 25+ marketplaces in India from Seed to Scale
- Accel has invested near USD 700 million in Indian Marketplace startups so far
BANGALORE, India, Nov. 15, 2022 /PRNewswire/ — Global enterprise capital agency, Accel, has launched ‘Decoding Marketplaces’, a digital repository of experiences in backing profitable marketplaces. The initiative is designed to assist entrepreneurs establish the constructing blocks of profitable marketplaces and achieve expertise from their peer group.
Accel sees a major alternative round marketplaces in India. In the previous decade, Accel has supported many market startups and their founders from seed to scale, together with Bizongo, Flipkart, Swiggy, Urban Company and Zetwerk. Each startup has reimagined ‘the bazaar’, thus shaping the way forward for commerce and livelihood in India. Accel has labored intently with ~200 companies and has powered 25+ marketplaces on their journeys from seed to scale with an funding of practically USD 700 million.
‘Decoding Marketplaces’ includes content material curated by Accel companions in collaboration with founders of a number of the most vital marketplaces within the nation. Indicative learnings from ‘Decoding Marketplaces’ embody figuring out check beds, onboarding one of the best suppliers and retaining them on the platforms, hiring a threat crew in a B2B market, and coping with giant rivals, thus giving upcoming entrepreneurs tactical and strategic studying.
‘Decoding Marketplaces’ may even present a platform for rising founders to community with profitable marketplaces founders. The Decoding Marketplaces Startup Hunt invitations early-stage entrepreneurs who’ve raised <USD 2 million in funding to use for a possibility to current their concepts to an Accel funding committee for suggestions, together with perks like workplace hours with any Accel companion, entry to the Launchpad co-working house and 1:1 mentorship from its portfolio founders. Interested entrepreneurs can apply at: https://www.seedtoscale.com/marketplaces/startup-hunt
Anand Daniel, Partner at Accel, stated, “Around 30% of the medium to large companies in India are marketplaces, a third of this pie is in Accel’s portfolio. We believe there is a significant opportunity for marketplaces in India, and this pie will continue to grow. Keeping this opportunity in mind and Accel’s knowledge and learning in this space, we have created this go-to place to serve as a resource repository. Decoding Marketplaces will demystify marketplaces’ basics, share learnings and success stories with to-be / young founders and give access to investors and industry events.”
Daniel stated Accel desires to make ‘Decoding Marketplaces’ the #1 vacation spot (India & Southeast Asia centered) for marketplaces that will profit rising entrepreneurs, startups, and the neighborhood.
All the content material is being housed in Accel’s microsite on Marketplaces – https://www.seedtoscale.com/marketplaces and amplified throughout its social belongings equivalent to –
Twitter (https://twitter.com/Seed2Scale),
Instagram (https://instagram.com/accel_seed2scale),
LinkedIn (https://www.linkedin.com/company/seedtoscale/).
About Accel:
Accel is a world enterprise capital agency that goals to be the primary companion to distinctive groups in every single place, from inception by way of all phases of personal firm progress. Accel has been working in India since 2008, and its investments embody firms like BookMyShow, BrowserStack, Flipkart, Freshworks, FalconX, and Infra.Market, Chargebee, Clevertap, Cure Fit, Musigma, Moneyview, Mensa Brands, Myntra, Moglix, Ninjacart, Swiggy, Stanza Living, Urban Company, Zetwerk, and Zenoti, amongst many others.
Atoms is a program by Accel India to assist pre-seed startups with quick access to non-dilutive capital, mentorship from founders and operators, and a neighborhood to assist them develop.
We assist bold entrepreneurs construct iconic international companies. For extra info, go to www.accel.com or https://twitter.com/Accel_India.
Logo: https://mma.prnewswire.com/media/1947244/Accel_Logo.jpg
