Three partners to leave India VC firm Helion
Three of the six partners at India-focused VC firm Helion Venture Partners will depart to pursue other opportunities.
With Rahul Chowdhri, Ritesh Banglani and Alok Goyal making their exit, Helion will be headed by Sanjeev Aggarwal, Ashish Gupta and Rahul Chandra, who founded the firm in 2006. The change comes ahead of Helion's fourth fundraise.
A fourth founder, Kanwaljit Singh, a senior managing director, left in September of last year. His exit coincided with Chowdhri and Banglani's promotions to partner.
The departing trio will cease all activity in terms of deal sourcing, due diligence and portfolio company support over the next few weeks. In addition to the remaining partners, Helion has a three-person team of operating partners that works with invested companies.
Helion has more than $600 million in capital under management and a portfolio of over 60 firms. It has offices in Bengaluru, Gurgaon and Silicon Valley. The GP's third fund closed in March 2012 at $255 million.
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