Helion Fund II to back brick-and-mortar consumer startups

Helion Venture Partners, the Bangalore and Gurgaon based venture capital firm, raised $210 million for its second fund early this month. That makes it the only venture capital firm in India to raise two funds within 20 months. The first, which had a $140 million corpus, was raised in August 2006. The new fund plans to continue backing technology startups but will additionally invest in brick-and-mortar consumer services startups.

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