Helion Venture Partners announces closing of India fund

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Bangalore: Helion Venture Partners, an India-focused venture fund, closed its second fund worth $210 million. In its statement said that with the current funding, the total funds raised by Helion for investing in companies has gone up from $140 million to $350 million. 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. "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 U.S., Europe and Asia. This reflects growing global investors' confidence in both Helion and the India growth story," said Sanjeev Aggarwal, Managing Director, Helion Venture Partners. Incorporated 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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