Helion Venture Partners closes India-focused fund on $210m

Investors in the fund include university endowment funds, foundations and family offices.

Sanjeev Aggarwal, managing director, Helion, said, '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 US, Europe and Asia. This reflects growing global investor confidence in both Helion and the India growth story.'

'Helion will continue its focus on technology-powered businesses even as we expand our focus into consumer services. Factors like the rapid increase in mobile and internet penetration in India are further paving the way for innovative technology products and services,' added Ashish Gupta, managing director, Helion.

Helion Venture Partners was launched in 2006. The firm targets investment in outsourcing, internet, mobile, technology products, retail services, education and financial services.

To date, Helion has invested in 11 companies, including JiGrahak, makemytrip.com, UnitedLex, Gridstone, Anantara, Zmanda, Kirusa, Komli, Hurix, Amba Research and Mindworks Global Media Service.

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