VC fund Accel’s Prashanth Prakash awarded Padma Shri in trade and industry category

27 January 2025

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Prashanth Prakash, founding accomplice of Accel India, has been conferred the Padma Shri, India’s fourth-highest civilian honour, within the Trade and Industry category.

As a key determine in growing the nation’s startup ecosystem, Prakash has helped form firms resembling Flipkart, Swiggy, BookMyShow, Infra.Market, Bluestone, Freshworks, Zetwerk, and City Firm.

“We’re proud to share that Prashant Prakash, accomplice at Accel, has been awarded the Padma Shri. He has been instrumental in India’s startup ecosystem, a steadfast believer within the energy of founders, and a supporter of concepts that remodel industries. His management has helped form a number of the most profitable startups within the nation, and his ardour for driving social and local weather influence continues to encourage us all,” the venture capital agency said in a LinkedIn submit.

Prakash’s entrepreneurial journey started with founding two firms within the Web and multimedia publishing sectors. He later cofounded Erasmic, certainly one of India’s early-stage funding funds. He joined Accel in 2008, specialising in shopper, on-line marketplaces, and SaaS firms.

Forward of the Union Budget, ET reported that Prakash advocated for enhanced assist for deeptech ventures, in addition to thematic financing for essential expertise domains on the Nationwide Startup day occasion.