Venture Overload? Erasmic Merges With Accel To Form Accel India Venture Fund

In a significant development, Bangalore-based early stage investment firm Erasmic Venture Fund has merged with Silicon Valley based Accel Partners, whose portfolio counts companies like Brightcove, Facebook and The merged entity will form the vehicle for the India entry of the US based Accel, which currently has offices in Silicon Valley, Europe, Israel and China.