Accel Partners Adds Neeraj Bharadwaj as MD in India to Build Growth Investing Effort -- India growth investing initiative will complement Accel's existing early stage activities

MUMBAI, India, Oct. 19 /PRNewswire/ -- Accel Partners, a leading global venture capital and growth equity firm operating in Silicon Valley, Europe, Israel, China and India, today announced that Neeraj Bharadwaj has joined the firm as a Managing Director to help build its growth equity investing initiative in India. Neeraj joins Accel from Apax Partners India, where he was Managing Director and Country Head. At Accel, he will be responsible for scaling the growth stage effort, which will target $10m-50m investments in mid-sized Indian companies across different sectors. This initiative will complement Accel's existing venture capital activity in India, which targets smaller investments and active involvement in high potential early stage companies. The Accel India venture portfolio includes companies such as MuSigma, Inbiopro, Kaati Zone, Myntra and Perfint.

Peter Wagner, a Partner in Accel's Palo Alto office who helped lead the formation of Accel India in 2008, said: "We are delighted to welcome Neeraj to the Accel team. The Indian market is a key element of our global strategy, as evidenced by the launch of this new growth investing effort to complement our existing early stage activities in the region. Accel and Neeraj have known and respected one another for over a decade, and share the vision of helping the best Indian entrepreneurs accelerate the development of category-defining growth-stage businesses. We look forward to bringing our global network, resources and experience to bear in these exciting opportunities in India."

Neeraj Bharadwaj said: "This is an exciting time for growth capital investing in India given the nation's economic growth and the emergence of first generation companies competing successfully with the incumbents in key markets. Accel has the ideal platform to assist these companies, and a stellar track record of building market leaders in media, technology, retail and other high-growth sectors. Working with Accel will mean working closely with entrepreneurs and executives who have the character and the ambition to build world-class companies in India. I am excited to be joining them."

At Apax, Neeraj helped set up its India operations, and prior to that was a Partner in the US. Investments he has been involved with include Apollo Hospitals (AHEL), Jamdat, Widerthan, NXP and others. He was selected as a Young Global Leader of the World Economic Forum, is a Charter Member of The Indus Entrepreneurs (TiE), Board Member of the Olympic Goldquest and was part of the team that launched the Indian School of Business (ISB). Prior to joining Apax Partners in 1999, Neeraj held positions at McKinsey & Company, Goldman Sachs and Morgan Stanley. Neeraj holds an MBA with distinction from Harvard Business School, and graduated summa cum laude with a BS in Economics from the Wharton School of the University of Pennsylvania.

About Accel

Founded in 1983, Accel Partners has a long history of excellence and innovation in venture capital, and is dedicated to partnering with outstanding entrepreneurs and management teams to build world-class businesses. Accel today invests globally using dedicated teams and market-specific strategies for local geographies, with offices in Palo Alto, California, London, UK, and Bangalore, India as well as in China via the IDG-Accel Partnership.

With over $6 billion under management, Accel has helped entrepreneurs build over 300 successful companies, many of which have defined their categories, including Actuate, Acopia, Agile Software, Alfresco, AMCC, Arrowpoint, BBN, Brightcove, ComScore, Etsy, Facebook, Foundry Networks, GlamMedia, Imperva, Infinera, Interwoven, JBoss, Kayak, Macromedia, Maven Networks, metroPCS, Polycom/PictureTel, Portal Software, QlikTech, Rapt, Real Networks, Redback Networks, Riverbed, UUNet, Veritas, Walmart.com, Webroot, Wily Technology, XenSource and Zimbra. Accel India's portfolio includes Chakpak, DoveTail, HolidayIQ, Inbiopro, Kaati Zone, Kirusa, MuSigma, Myntra, Perfint, Sconce and Virident. For more information, please visit the Accel Partners web site at www.accel.com.

SOURCE Accel Partners



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