Mauritius-based India focused venture capital firm Helion Advisors has announced an organisational change.
Rahul Chowdhri, Ritesh Banglani and Alok Goyal have quit the organisation pursue new opportunities. All three were partner at Helion Ventures and held responsibilities of deal sourcing, diligence and portfolio support.
Helion said that with this, the departing executives will also cease to provide any ongoing assistance to the portfolio companies.
At Helion Rahul was looking after Bigbasket, Simplilearn, Livspace, Shopclues, Toppr and others, while, Alok was on the board of Linguanext, Whatfix and Pipemonk and Ritesh was spearheading TrulyMadly, Housing, Talentpad and more such startups.
The VC firm will continue to have its founding members Sanjeev Aggarwal, Ashish Gupta and Rahul Chandra to spearhead Helion’s investments across the technology landscape as well as engage and mentor portfolio companies.
Helion’s portfolio service team will comprise of operating partners R Natarajan (Managing Director), Dhruv Prakash and Srikanth Sunderarajan, who will support the investee companies in the areas of Finance, HR and Technology.
Started in 2006 by Kanwaljit Singh and Sanjeev Aggarwal, Helion is a multi-stage India-focused venture fund with over $600 Mn under management and a portfolio of over 60 firms. Till date, the VC firm has created four funds viz $140 Mn fund in 2006, $210 Mn fund in 2008, $255 Mn fund in 2012 and a $300 Mn fund in 2015. It has companies like Shopclues, BigBasket, Ezetap, Azure Power, Makemytrip, red Bus and Taxiforsure under its portfolio.
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