Helion announces organizational change

Directors Ritesh Banglani and Rahul Chowdhri promoted as partners; senior manager director Kanwaljit Singh to step down

Mumbai: Helion, the multi-stage, India-focused venture fund with more than $600 million under management announced the promotion of directors Ritesh Banglani and Rahul Chowdhri as partners at the venture fund.

Chowdhri, who has been associated with Helion since inception, was loosely involved in building the fund’s expertise in e-commerce sector while, Banglani, who joined in 2010, brought venture capital experience with him.

Helion also announced that senior manager director Kanwaljit Singh was moving on to pursue personal interests in the consumer space.

This comes at a time when the fund has increased its focus considerably on technology investing. Singh will stay with Helion till March 2016.

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