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Accel investor Akhilesh Agarwal passes away

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Date
Company
Accel
What it does
Venture capital firm
Kind
People
Sector
Professional & Local Services

What they do

Accel is a venture capital firm that invests in early-stage startups

What happened

Akhilesh Agarwal, an Accel investor focused on pre-seed and seed deals, has passed away

Why it matters

Agarwal was the fourth loss for the Indian startup ecosystem this year, after three other founders

The details

  • Akhilesh Agarwal, an investor at Accel, has passed away.
  • He focused on pre-seed and seed stage investments.
  • Agarwal joined Accel in October 2025 and helped invest in spacetech startup QOSMIC.
  • He started his career as a business development associate after an engineering degree in electronics from Bengaluru.
  • He worked at Goldman Sachs and fintech startup Klub before entering venture capital.
  • Agarwal entered VC in 2021 as assistant vice president at pi Ventures, leading investments in early-stage ventures like Ottonomy.
  • He later worked at Blume Ventures, leading investments in deeptech startups iDO Devices, Mave Health, and Optimized ElectroTech.
  • He was also an angel investor in startups including GalaxEye, Ethereal Exploration Guild, Sarla Aviation, Serendipity Space, Leumas, BioCompute, and Mave.

The bigger picture

  • Agarwal's passing is the fourth such loss for the Indian startup ecosystem this year.
  • Earlier losses include Unnati Agri cofounder Ashok Prasad, Xpedize cofounder Regan Mithani, and Icertis cofounder Samir Bodas.
  • Ottonomy cofounder Ritukar Vijay said Agarwal was the first to believe in the startup in 2020 and scouted at pi Ventures leading to the seed round.
  • Metvy founder Shawrya Mehrotra called Agarwal a friend and mentor.
  • The VC Fellowship praised Agarwal's generosity in mentorship and commitment to founders and India's deeptech ecosystem.

About the business

  • Accel is a venture capital firm that invests in early-stage startups.
  • The firm has backed many Indian startups across sectors.
  • Accel's portfolio includes companies like ZopSmart, BlueStone, Capillary, Uniqode, Ninjacart, GreyOrange, and Hyperverge.
  • The firm also coauthored a book titled 'Down But Not Out' with HarperCollins, launched in June 2026.
  • The book contains stories of 10 founders from Accel's portfolio who overcame challenges.

Investors

  • Akhilesh Agarwal (investor) — Focused on pre-seed and seed stage investments at Accel, previously at pi Ventures and Blume Ventures.

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