Helion Venture Partners has announced its fourth fund – Helion Venture Fund IV of $300 million for Indian startups. Helion is the latest company to raise capital for investments in India.
The firm which includes Housing.com, TaxiForSure and Komli among its portfolio is again targeting early to mid stage tech startups in India. It will typically invest $1 million to $10 million, and the fund is expected to last for 3-4 years. Previously, the firm had received $255 million in its third fund, $210 million in second fund and $140 million for its first fund.
Founded in 2006, VC firm currently manages $905 million across three funds.
Apart from this, this year other firms had also launched funds for Indian startups. For instance, Astarc Venture launched a seed fund with a corpus of $2 million.
Also, venture capital firm, Accel Partners announced to launch an India-focused fund – Accel India IV for $305 million.
Earlier last month, SAIF Partners had raised $350 million for a new India-focused fund. The firm is looking forward to make investments in technology focused businesses.
Last month, US-based VC firm, Peesh Venture Capital has launched a venture capital fund PVCII of $50 million and an accelerator programme to make early-stage investments in India.