Helion Ventures sees exit of three partners

Rahul Chowdhri, Ritesh Banglani and Alok Goyal look at launching their own fund

Venture capital firm Helion Advisors will see three partners — Rahul Chowdhri, Ritesh Banglani and Alok Goyal — exit the firm, as they look at launching their own fund to invest in start-ups.

The departing executives will separate from the firm over the next few weeks and will cease to provide any assistance to the portfolio companies, Helion said.

Helion is a multi-stage India-focused venture fund with about $600 million under management, and a portfolio of about 60 firms, including ShopClues, BigBasket, Ezetap, Azure Power, MakeMyTrip, redBus and TaxiForSure Founders Sanjeev Aggarwal, Ashish Gupta and Rahul Chandra will continue to spearhead its investments as well as engage and mentor portfolio companies. Helion’s portfolio service team comprises operating partners R Natarajan (managing director), Dhruv Prakash and Srikanth Sunderarajan, who support the investee companies in the areas of finance, personnel and technology, the firm said.

"We are thankful for the contribution made by the three executives during their time at Helion. We wish them the best in the next phase of their careers", said Sanjeev Aggarwal, founder, Helion in the statement.