Connect with us

Business

Top Helion Venture Partners Portfolio funding Companies

Udit Agarwal

Published

on

Mauritius-based early to mid-stage, India focused venture fund Helion Venture Partners was founded by Ashish Gupta, Rahul Chandra, Kanwaljit Singh, and Sanjeev Agarwal in 2006.

It has invested in a number of Indian startups, strengthening the Indian startup ecosystem. Helion Ventures invests in technology and technology-powered businesses like e-commerce, online services, mobility, enterprise software, and outsourcing.

Here is a list of 6 investments by Helion Venture Partners in India:

1- BigBasket

BigBasket

BigBasket

Bengaluru-based online grocery startup BigBasket was founded by Hari Menon, Vipul Parekh, VS Sudhakar, VS Ramesh, and Abhinay Choudhari in 2011. It provides an online platform for customers to order groceries at their doorstep. Over the years, BigBasket has emerged to be a leader in the grocery market.

Helion Venture Partners has been one of BigBasket’s earliest investors. The venture capital fund first invested $32.8 million in BigBasket in series B funding round in September 2014.

2- QwikCilver Solutions

qwikcilver

qwikcilver

Bengaluru-based gift card solutions provider Qwikcilver Solutions was founded by Kumar Sudarsan, along with Pratap T P in 2007. Through its solutions, the startup enables its clients to offer more engaging options to their end-customers, thereby increasing sales and brand engagement.

QwikCilver has grown to become a trusted name among more than 500 brands and over 200 retail brands.

Helion Venture Partners has helped the startup in its growth journey. It first invested $10 million, along with Amazon and Accel Partners, in December 2014.

3- Ezetap

ezetap

ezetap

Bengaluru-based digital payments solution provider Ezetap was founded by Shripati Acharya, Sanjay Swamy, Abhijit Bose, Bala Parthasarathy and Bhaktha Keshavachar in 2011. The startup provides Ezetap device, a light-weight card reader that can be used by merchants to accept payments from customers.

Ezetap first raised $8 million from Helion Venture Partners in February 2014.

4- Housing.com

housing

housing

Mumbai-based online real-estate portal Housing.com was founded by Rahul Yadav, along with 11 other IIT Bombay students in 2012. It provides a technology platform to enable customers to search for houses based on their preferences like location, price, and size. The platform has more than 6,000 brokers and serves across more than 40 cities in India.

Helion Venture Partners first invested in Housing.com with an investment of $19 million, along with Qualcomm Ventures and Nexus Venture Partners in June 2014. Although, Helion has exited from Housing.com, after guiding it through its growth journey.

5-  ShopClues

shopclues

shopclues

Gurugram-based e-commerce startup ShopClues was founded by Sanjay Sethi, Sandeep Aggarwal, and Radhika Aggarwal in 2011. The startup provides a technology-enabled platform offering customers a wide array of products across categories like mobiles, kitchen, men, women, electronics, and sports.

In March 2013, Helion Venture Partners, along with Nexus Venture Partners and Beenos Partners invested $10 million in series B funding round.

6- Azure Power

Azure Power

Azure Power

New Delhi-based clean energy startup Azure Power was founded by Inderpreet Wadhwa in 2008. It offers affordable and clean solar energy to its customers through utility-scale solar power projects. The cleantech startup claims to have more than 190 rooftop portfolio across 23 states in India.

Helion Venture Partners has been one of the earliest investors in the solar startup. It first invested in Azure Power in November 2008. Helion has exited the startup, after ensuring its steady growth.

Apart from the above startups, Helion Venture Partners has many more Indian startups in its portfolio. It has played a significant role in strengthening the Indian startup ecosystem through its guidance and funding.

Business

IIM-A incubator, OmniActive’s Mariwala invest in agri-tech startup Sattvaponics

Udit Agarwal

Published

on

Mumbai-based agritech startup Sattvaponics has raised an undisclosed amount of funding from Indian Institute of Management, Ahmedabad’s (IIMAs) Centre Centre for Innovation Incubation and Entrepreneurship (CIIE) and Sanjay Mariwala, Founder and Managing Director of OmniActive Health Technologies.

This investment marks the ninth investment by CIIE in the agritech sector, in line with its objective of supporting breakthrough innovations that tackle India’s most pressing problems.

Sattvaponics was founded by Kevin Parekh and Ashish Korde in 2017. It aims to change the nutraceutical industry by producing clean and high potency raw materials. Both the co-founders are nutraceutical professional, with Kevin completing Masters in Medical BioTechnology, while Korde has an MBA from Indian School of Business (ISB).

The high level of contamination of natural products due to pesticides, heavy metals, microbial, low bioactive content, and inconsistency in output due to heavy reliance on weather, soil and traditional means of production, threatening the medicinal food industry.

Although the major part of the natural product value chain consisting of ingredient manufacturers, formulators as well as consumer brands are organized and regulated, Sattvaponics is looking to address the agricultural practices, which remain largely unorganised.

The agritech startup is trying to completely optimise the agricultural life cycle from sowing to harvest, in order the revolutionalise the supply chain, to provide organic, nutritious, and healthy products.

Sattvaponics has one developed product that is already in commercial use and it is currently working on two new products, for which it already has consumer tie-ups, with more products in the pipeline.

Talking about the future plans, Kevin Parekh, Co-Founder of Sattvaponics, said, “We aim to cross 300-400 acres of cultivation in next three years, producing multiple high-value crops round the year, which will benefit the consumers, industry as well as the farmers.”

Other agritech startups strengthening the Indian agricultural ecosystem include Gramco Infratech, Gobasco, Our Food, Agrostar, Kisan Hub, Intello Labs, and Aibono, among many others. Earlier this month, Agritech startup Origo Commodities raised ₹80 crores from Triodos Investment Management, others.

Must Read: Top 9 Kalaari Capital Investments Portfolio in India

Continue Reading

Business

Advent acquires entire 40% stake held by Kedaara Capital in Manjushree Technopack

Udit Agarwal

Published

on

US-based private equity firm Advent International has acquired Bengaluru-based rigid plastics packaging solutions provider Manjushree Technopak.

The acquisition marks the exit of Mumbai-based PE firm Kedara Capital, selling its entire 40% stake to Advent for an undisclosed amount. As a part of the deal, Advent has also acquired a portion of the promoter Kedia family’s holdings to gain a majority stake in Manjushree Technopak.

Post acquisition, Vimal Kedia, Founder and Managing Director of Manjushree, along with other senior management members will remain with the company.

According to reports, the deal is expected to value the Bengaluru-based company at around ₹2,440 crores. Founded by Vimal Kedia in 1983, Manjushree Technopak provides rigid plastic solutions to a wide range of FMCG industry verticals including dairy, food products, agrochemicals, pharmaceutical, home care and personal care.

With presence across India and 15 other countries, serves large FMCG multinationals, generating more than ₹890 crores in revenues. Some of its notable clients include Coca-Cola, PepsiCo, P&G, Nestle, and Himalaya, among many others.

Must Read: One in 5 diabetics was disciplined for caring for themselves

Talking about the investment, Shweta Jalan, Managing Director and Head, India, Advent International, said, “The rigid plastic packaging market is expected to expand by 15% per year over the next five years, which is driven by much more growth in consumer-end markets, the continued shift from glass and paper to plastic packaging, and the introduction of new products. Manjushree Technopack is the market leader in an industry with strong growth tailwinds.”

Earlier in November 2016, Manjushree acquired Delhi-based packaging firm Varahi Ltd for an undisclosed amount. The deal has been made, which will enable the firm to increase the production capacity and customer base, and strengthen its foothold in North India.

The latest deal marks Advent International’s seventh investment in India. Other Advent investments in India include Innerwear brand Dixcy Textiles, ASK Group, a wealth and investment management business, QuEST, a global engineering solutions provider, Crompton Greaves, and CARE Hospitals.

Must Read: SoftBank may invest $200 Mn in Nykaa at over $700 Mn valuation

Continue Reading

Business

BookMyBai.com raises pre-series A Round from Japan-based fund

Udit Agarwal

Published

on

BookMyBai.com raises pre-series A Round from Japan-based fund

Mumbai-based online domestic help provider BookMyBai has raised an undisclosed amount of funds in pre-series A round from Japan-based social venture fund ARUN Seed. Other Japanese angel investors also participated in the funding round.

The funds raised will be used to expand market share in the cities it already has a presence, along with launching operations across Hyderabad and Delhi.

BookMyBai was founded by Anupam Sinhal and Vickash Chowdhury in 2015. It provides an online platform to enable homeowners to hire domestic help in a seamless manner. The platform offers domestic helpers across various categories including maid, babysitter, nanny, senior citizen care, and cook.

The platform does an extensive background check of helpers with identity check, document verification, in-person interview, along with training sessions, to provide a trustworthy domestic help to its users.

The marketplace offers more than 50,000 experienced domestic helpers across Mumbai, Pune, Bengaluru, Ahmedabad, Surat, and Kolkata.

“They as of now is working on thousands of marginalized women who are now earning enough money to support families. We see this as an opportunity to be able to support a startup which is not only sustainable but also has a large social impact amongst the rural households” said Satoko Kono, President, ARUN LLC.

The platform is also planning to launch a multi-lingual app for the workers through which the workers can look for a job in real-time, further enabling the workers and helping them find a suitable job based on their needs.

Earlier in 2015, BookMyBai raised ₹1 crore from Hyderabad-based investment platform 50K Ventures. Other players in the domestic help provider domain in India include Helper4U, MyDidi, GDH Workforce, and MyChores, among others.

Indian domestic help industry is highly unorganized and the foray of startups in the segment will not only ensure a platform for domestic helpers to find job readily but also provide easy access to domestic help for homeowners.

Read More: Ladies Scottish Open: Thailand’s Ariya Jutanugarn wins at Gullane

Continue Reading

Trending