Bengaluru: Venture-capital firm Accel has joined hands with investment group Prosus to co-invest in early-stage Indian startups developing breakthrough technologies such as robotics, advanced manufacturing, and artificial intelligence (AI).
The collaboration will operate through Accel’s Atoms X programme, which targets companies with longer development cycles than typical software startups. These businesses, described as ‘LeapTech’ companies, aim to build deep technology solutions with long-term potential.
Co-Investment Structure
Both firms will match investments of up to $2 million each in selected startups. The initial investment can reach $1 million from each fund, with provisions for separate follow-on funding rounds. This partnership marks Prosus’ first global co-investment alliance of its kind, aimed at supporting ventures that could take 10 to 15 years to scale but have the potential to dominate their sectors through technological innovation.
Previous Investments
Accel and Prosus have earlier backed Wiom, an internet-infrastructure platform focused on affordable broadband access. Accel’s other investments include Posha, a kitchen robotics startup, and Sarla Aviation, which is developing flying taxis.
The new alliance is expected to strengthen India’s deep-tech ecosystem and support entrepreneurs tackling complex, long-term technological challenges.
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