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Helion venture fund invests in Chennai outsourcing firm

Helion Venture Partners, a $140-million India-focused, stage independent venture fund, will announce today (Wednesday) its decision to invest in Chennai-based Anantara Solutions Private Limited, ‘a new generation outsourcing firm’.

In Chennai, to announce the investment, Mr Sanjeev Aggarwal and Mr Ashish Gupta, managing directors of Helion, told Business Line that Anantara’s business model and its world-class management team clinched the decision.

Anantara, which in Sanskrit means ‘the continuum’, was founded by Mr G.B. Prabhat. The company promises to deliver solutions by enabling a collaborative work environment, working closely with customers and business partners.

Mr Aggarwal also said that Helion has finalised its decision to invest in two companies, one in backup software and the other in equity research. “The announcement will be made in a couple of weeks,” he added.

Helion, which has offices in Bangalore and Gurgaon, focuses on sectors such as outsourcing, Internet, mobile and technology products. It has previously invested in JiGrahak, UnitedLex Corporation, Gridstone Research and

Source : The Hindu

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