Helion Venture Partners announces closing of India fund

Helion Venture Partners announces closing of India fund
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First Published: Tue, Mar 11 2008. 04 15 PM IST
Updated: Tue, Mar 11 2008. 04 15 PM IST
PTI
Bangalore: Helion Venture Partners, an India-focused venture fund, announced the closing of its second fund worth 210 million, on 11 March.
With this, the total funds raised by Helion for investing in companies has gone up from $140 million to $350 million, it said in a statement.
Helion said that it would also focus on companies providing consumer services in India. This would include high-potential companies in sectors such as retail, education and financial services.
Helion Venture Partners managing director Sanjeev Aggarwal said, “What is heartening is the fact that while all the original investors have invested again in Helion’s second fund, the fund has also attracted new high quality investors from the US, Europe and Asia. This reflects growing global investors’ confidence in both Helion and the India growth story.
Since its launch in 2006, Helion has invested in 11 companies — JiGrahak, makemytrip.com, UnitedLex, Gridstone, Anantara, Zmanda, Kirusa, Komli, Hurix, Amba Research and Mindworks Global Media Service.
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First Published: Tue, Mar 11 2008. 04 15 PM IST