Helion’s investment corpus swells to $150m

By Shreerupa Mitra Sep 13 2009 , Bangalore

Venture capital firm Helion Venture Partners has raised its investment corpus from $100 million

to $150 million over the next four years. The firm was intending to spend $100 million in consumer services, including education and healthcare in the next six months. With the environment improving, it has raised the sum by another $50 million.

Helion Venture is a $350 million India-centric fund. More than $100 million has been distributed over the last three years in sectors such as IT and retail. “In the first six months of this year we have invested in three companies. However, we are pretty bullish about the remainder of the year and about 2010,” said Kanwaljit Singh, managing partner of Helion Venture Partners.

According to Singh, the firm has about 6-12 companies in the pipeline. “We are very bullish on the Indian consumer space and feel that the consumer service area has great opportunities going forward. It is a fast growing segment and with the disposable income of individuals rising, we see long-term sustainable opportunity,” he said.

Also, Singh said that education and healthcare are the most exciting sectors for investment at the moment. Test preparation, assessments and training in education is the company’s target area. In healthcare, Helion Venture will look at investing in areas such as insurance distribution as well as technology.

According to a study by Venture Intelligence, VC firms have invested $117 million over 27 deals in India during the six months ending June 2009.

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