Helion Venture Partners

Helion Venture Partners is an India-focused early to mid-stage venture capital firm founded in 2006 by Rahul Chandra, Ashish Gupta, Kanwaljit Singh, and Sanjeev Aggarwal. Legally based in Mauritius with its primary office in Gurugram, Helion was described by The Economic Times in 2012 as India's largest domestic venture capital firm. The firm has raised four funds totaling approximately $905 million: Fund I ($140 million, 2006), Fund II ($210 million, 2008), Fund III ($255 million, 2012), and Fund IV ($300 million, 2015). The team currently consists of seven professionals including three Partners, one Venture Partner, and one Principal. Helion deploys $2 to $10 million per investment in early to middle-stage technology-powered businesses, seeking board representation and actively partnering with management on strategy and operations — and leads rounds. The portfolio spans 85 companies with two unicorns, six IPOs, and 39 acquisitions. Key sectors include e-commerce, mobile, fintech, healthcare, education, enterprise software, mobility, and consumer services. Notable portfolio companies and exits include Flipkart (the Indian e-commerce unicorn), Myntra (fashion e-commerce, acquired by Flipkart), MakeMyTrip (travel, IPO 2010), RedBus.in (bus ticketing, acquired by Naspers in 2013), BigBasket ($32.8 million Series B in 2014), Toppr ($10 million investment in 2015), and MoEngage (latest investment, December 2025). IndiQube was the most recent portfolio exit, in July 2025. Helion operates as a true partner to portfolio management teams, combining financial capital with operational depth and the long-standing India market knowledge that comes from nearly two decades of continuous investing across multiple economic cycles. The firm's four-fund track record and breadth of exits across diverse consumer and B2B sectors make it one of India's most established institutional venture platforms.