INDIA BUSINESS WORLD - March 1st - March 15th - 2008
HELION VENTURE CLOSES $210-MILLION INDIA FUND
Helion Venture Partners, an India-focused Venture fund, announced the closing of its second fund of $210 million. With this, the total funds raised by Helion for investing in companies has gone up from $140 million to $350 million, it said in a statement. Helion said that it would also focus on high-potential companies in sectors such as retail, education and financial services. Since its launch 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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