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India’s Helion Venture Partners raises $255m for third fund

22 Mar 2012

Indian venture capital firm Helion Venture Partners has raised $255m for its latest fund, according to a filing with the Securities and Exchange Commission.

The firm’s third India-focused fund, Helion Venture Partners III, has received commitments from more than 30 investors.

Earlier reports indicated that the firm planned to raise up to $250m for the vehicle, although it is not yet clear whether the vehicle has closed.

The current figure will bring Helion’s total assets under management to $605m, making it the largest venture capital firm in India. The firm’s previous funds closed with commitments of $140m and $210m in 2006 and 2008 respectively.

Helion recently participated in a $10m Series E funding round for SMS GupShup, India’s largest social network. The round was led by San Francisco venture firm Tenaya Capital, which joined existing investors Globespan Capital Partners and Charles River Ventures, taking the company’s total fund raise to $47m.

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