Helion launches $140M India fund

By agencies   |   Friday, 04 August 2006, 19:30 IST
Printer Print Email Email
NEW DELHI: Helion Venture Partners has announced the launch of its $140 million India focused investment. Releasing the statement, Kanwaljit Singh, Managing Director Helion Venture Pvt Ltd said that the fund was meant to provide capital and mentoring to young and up-coming entrepreneurs. “We will focus on businesses that use technology as key differentiator,” he added. With the range of investment revolving around $2 million to $10 million, the multi stage fund would be eyeing key areas of outsourcing and business around the Internet, intellectual property-based products and mobile services. Financial services and online travel are other possible areas that could provide to be beneficial on further exploration. The professional team of advisors include Sanjeev Aggarwal, MD, Ashish Gupta, MD, Kanwaljit Singh,MD, and Rahul Chanra, Director of Helion Ventures Pvt Ltd. They would fund and advise its portfolio companies. Focused on independent venture fund, the company is mainly into investing in technology-powered businesses such as outsourcing, Internet, mobile and technology products and has have already received around 40 proposals from various entrepreneurs.