Helion Venture launches $140 mn fund

 "We have roped in almost a dozen global investors like Ivy League University and Internet pioneers among others," he said.

The VC fund would invest both in companies that create technology products and services, and non-technology businesses that leverage technology to build market leadership, he said.

Technology-powered sectors, like outsourcing, Internet services, mobile services and IP based products are growing at five times the rate of the Indian GDP. Our own experience of having steered disruptive technologies and companies in this sector makes us confident of being able to add meaningful insights and add value to entrepreneurs, Gupta said.