Accel has raised approximately $650 million for its eighth India fund, according to SEC filings. The fund, launched in March 2022, has supported various startups, including unicorns like Flipkart and Swiggy. Recently, Accel exited Swiggy, generating a remarkable 35x return on its investment. The firm also retained a stake in Flipkart after its acquisition by Walmart and exited in 2023 with returns of $1.5-2 billion. Accel continues to invest in new ventures, such as FirstClub and Simplismart. Meanwhile, other VC firms like Stellaris and Peak XV are adjusting their fund sizes in response to market conditions.