Helion Venture Partners Announces $140-Million Fund; Focuses On Online, Mobile

Business Standard: It looks like India is getting a venture fund a day. Now Helion Venture Partners has announced a $140-million India venture fund. The Mauritius-based fund will invest in sectors like outsourcing, mobile services, internet services, online gaming, online ticket booking and other IP based products. It’s a multi-stage fund.
“India is a growing market and entrepreneurs here often face liquidity crunch. We would provide capital and technological assistance to entrepreneurs in the telecom, Internet businesses and help them grow,” Ashish Gupta, MD of Helion Venture, said. They are likely to announce a major investment in the next two weeks.
The other recent fund announcements included Matrix India Partners’ $150-million fund, New Enterprise Associates’ NEA IndUS Ventures and Swiss BTS SME $80-million fund.

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