Helion, Ventureast in $12m round for India’s Seclore

Sistema Asia Fund Advisors and India Alternatives also contributed to the investment, which will drive the company's technological developments in enterprise digital rights management (EDRM), according to a statement.

"In the modern, global world of cloud and mobile technology, it is extremely difficult to balance effective external collaboration with strict information usage policies," said Kirill Kozhevnikov, managing director and partner at Sistema. "Seclore has reinvented EDRM with innovations in ease-of-use and simplified connectivity to accelerate adoption of persistent information-centric security."

Seclore offers automated file security services that allow users to share information in documents, emails, designs and images without unwanted replication by foreign parties. The company claims nearly four million users across 400 businesses in 22 countries and reported an 83% increase in revenue during the financial year ended March 2016.

It was recognized by Deloitte as one of India's 50 fastest growing companies in 2013 when Ventureast followed up a seed-stage commitment by making its initial joint investment in the company with Helion.

Ventureast makes sector-agnostic investments primarily in early-stage Indian companies. It has almost $300 million under management and has backed more than 70 companies in the past 20 years. Formed in 2006, Helion has more than $600 million under management and focuses on early to mid-stage Indian technology investments.

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• Topics
• South Asia
• Support services
• Technology
• Expansion
• India
• Helion Ventures
• Ventureast
• TMT