NEW DELHI, June 2 /PRNewswire/ -- Accel Partners, a leading global venture capital and growth equity firm operating in Silicon Valley, Europe, Israel, China and India, today announced that Prateek Dhawan has joined the growth equity investing team in India as a Principal. Prior to Accel, Prateek was Vice President, Goldman Sachs Investment Partners, where he was leading the fund's private equity investments in India. At Accel, he will focus on growth stage investments of $10m-50m in mid-sized Indian companies across different sectors.
Neeraj Bharadwaj, Managing Director, Accel India Growth, said: "We are delighted to welcome Prateek to the Accel team. His investment experience and track record will be invaluable in building the franchise in India." Peter Wagner, a Partner in Accel's Palo Alto office who helped lead the formation of Accel India in 2008, said: "Prateek's addition to the growth investing team demonstrates Accel's continued commitment to India."
At Goldman Sachs Investment Partners, Prateek was involved in investments in Tikona Digital Networks, Bharti Infratel and Asian Genco. Preceding that, he worked at Cisco Systems in corporate development where he was involved with several acquisitions and investments including Scientific Atlanta, Arroyo Video and Widevine. Prior to joining Cisco, Prateek held positions at DLJ Merchant Banking and Centillium Communications. Prateek holds an MBA from Harvard Business School, and graduated from Indian Institute of Technology, Delhi.
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, New Delhi 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 or find us on Facebook at www.facebook.com/accel.
SOURCE Accel Partners