Mumbai: Bengaluru-based venture capital fund Helion Advisors Pvt. Ltd said on Wednesday that Rahul Chowdhri, Ritesh Banglani and Alok Goyal, partners with the fund, will exit the fund to pursue other opportunities.

“We are thankful for the contribution made by the three executives during their time at Helion. We wish them the best in the next phase of their careers," said Sanjeev Aggarwal, founder.

This is the second time the fund has undergone an organizational change. Mint reported in September 2014 that Banglani and Rahul had been promoted as partners and senior manager director Kanwaljit Singh stepped down.

The exiting partners held responsibilities in areas of deal sourcing, diligence and portfolio support. The departing executives will separate from the firm over the next few weeks and will cease to provide any assistance to the portfolio companies.

Sanjeev Aggarwal, Ashish Gupta and Rahul Chandra founded the fund in 2006 and will continue to spearhead Helion’s investments in early to mid-stage companies that are across the technology landscape as well as engage and mentor portfolio companies.

The India-focused venture fund has over $600 million under management and a portfolio of over 60 firms, including Shopclues, BigBasket, Ezetap, Azure Power, Makemytrip, Red Bus and Taxiforsure. Helion has its offices in Bengaluru, Gurgaon and Silicon Valley.

Currently, Helion’s portfolio service team comprises operating partners R. Natarajan (managing director), Dhruv Prakash and Srikanth Sunderarajan, who support investee companies in the areas of finance, human resources and technology.

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