Mumbai: Venture capital fund, Accel Partners is looking to invest in areas like techonology, healthcare and education in the current financial year, a top company official said on Thursday. (Agencies)
“As a fund house, we are planning to invest in sectors like techonology, particularly cloud computing and SAP, education and healthcare in the current financial year,” Principal at Accel Partners, Anand Daniel said on Thursday.
He also said the company has not earmarked any fund for investment in this fiscal and amount of investment would depend on the kind of opportunity that comes across during this period.
About raising of funds, Daniel said the company doesn’t need to raise any capital in FY13.
“We have just raised USD 150 million last year, which is a quite nascent fund. So, we don’t need any further fund raising in the current financial year,” he said.
The fund house has recently invested in an online taxi booking site, TaxiForSure, and medical devices maker Forus Health.
Going ahead, the company said it is bullish on education and healthcare sector apart from information technology.
“We are currently evaluating many proposals in our intended sectors,” Daniel said.
Accel Partners, which has invested in companies like Flipkart, and KattiZone among others, has an investment horizon of ranging from three to 10 years.
It invests in seed, early and growth phases of a company depending on the stage and nature of industry.
Mumbai: Venture capital fund, Accel Partners is looking to invest in areas like techonology, healthcare and education in the current financial year, a top company official said on Thursday.