Helion Venture Partners has announced the closing of it’s second India fund of $210 million, thus increasing the total number of funds raised by the VC for India to $350 million. The fund will now expand its focus sectors to include companies in consumer services - retail services, education and financial services. Helion has raised money from all its original investors, as well as attracting more investment from new investors in the US, Europe and Asia. Helion has, so far, invested in 11 companies: JiGrahak (mobile payment), makemytrip.com (Online Travel Agent), UnitedLex, Gridstone, Anantara, Zmanda, Kirusa (Voice SMS), Komli (Online Ad Network), Hurix, Amba Research and Mindworks Global Media Service.

Kamla Bhatt has a three part audio interview with Ashish Gupta, MD of HVP - part 1, part 2 and part 3.