wordpress blog stats
Connect with us

Hi, what are you looking for?

Helion Venture Partners raises $300 mn to invest in early, mid startups in India

helion

Venture capital firm Helion Venture Partners has raised $300 million for startups in India, reports TechCrunch. Helion’s startup portfolio which includes Housing.com, TaxiForSure, ShopClues and MakeMyTrip is looking to invest in early stage and mid stage startups in India with the latest round of funding. Typical investments will range from $1 million to $10 million and the fund is expected to last for three to four years, Helion co-founder Sanjeev Aggarwal told the publication.

The report added that Helion will invest around three-quarters of the fund towards startups that are helping digitize the national economy, for example those involved in retail, travel, insurance and, loans and the rest will be used for companies with the potential to do business globally, for example analytics, enterprise software and other “next generation outsourcing businesses.”

It’s also worth noting that Accel Partners raised $305 million for its new fund Accel India IV last month. Accel will continue to focus on seed and early stage venture funding with a possibility of pursuing growth equity deals like it’s previous growth equity investment in BookMyShow.

Changes at the top

Helion in September 2014 also  announced the promotion of Directors Ritesh Banglani and Rahul Chowdhri as Partners of the firm. Banglani was previously Vice President at IDG Ventures India, Director on the board of Ozone Media and an observer on the board of Kreeda Games at IDG Ventures India before joining Helion in 2010. The company also announced the resignation of Senior Manager Director Kanwaljit Singh, who plans to pursue his interests in the consumer space. Singh will stay will the company till March 2016 to ensure a smooth transition.

Advertisement. Scroll to continue reading.

Helion’s recent investments

– In February Helion invested Rs 30 crore Hyper local products discovery platform Wooplr. The funds will be used for hiring and expanding Wooplr’s presence in the country.

– Helion also participated in a $100 million  funding round for e-commerce site ShopClues in January. In March 2013, ShopClues had raised $10 million from Helion Venture Partners, Nexus Partners and Netprice.com CEO Teruhide Sato

– Personalised home furnishings provider Livspace raised $4.6 million in a series A round of funding led by Helion Venture Partners and Bessemer Venture Partners in December 2014.

–  In September 2014, Bangalore-based online grocery retailer BigBasket has raised Rs 200 crore investment in a round led by Helion Ventures and Zodius Capital and participation from existing investors Ascent Capital and LionRock Capital.

– Online recruitment platform TalentPad in October raised an undisclosed amount of investment from Helion Ventures.

Advertisement. Scroll to continue reading.

Written By

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

Releasing the policy is akin to putting the proverbial 'cart before the horse'.

News

The industry's growth is being weighed down by taxation and legal uncertainty.

News

Due to the scale of regulatory and technical challenges, transparency reporting under the IT Rules has gotten off to a rocky start.

News

Here are possible reasons why Indians are not generating significant IAP revenues despite our download share crossing 30%.

News

This article addresses the legal and practical ambiguities in understanding the complex crypto ecosystem in India.

You May Also Like

News

Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

Advert

135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

News

By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ