Mumbai, Feb. 12 -- The Fidelity International-backed Eight Roads Ventures, which has invested in startups such as MoEngage, Shadowfax and Whatfix, expects to accelerate its funding in India this year, top executives at the firm said.

"We see this year as a good time to be accelerating our investments in the country. I'm anticipating five to six deals we'd like to back in India, and we're seeing the deal flow in the market. So, we are keen to deploy more," Alex Emery, president at the firm, told Mint in an interview. He said businesses in the country will continue to grow rapidly in line with the Indian economy.

Emery emphasized that India is the single biggest opportunity within Asia for the firm. "Historically, China has been pretty bi...