Helion to invest in retail, healthcare

Bangalore-based Helion Ventures, which manages $140 million in India, is aiming at investing in segments like speciality retail, healthcare, media and entertainment and other consumer-related services.

Speaking on the sidelines of an Entrepreneurship Summit held here at the Indian Institute of Management, Kanwaljit Singh, managing director of the venture firm, said: "Even though a considerable part of our fund will be invested in technology-driven sectors, non-IT consumer-focussed segments like speciality retail, healthcare and media and entertainment also figure on our radar."

Helion Ventures has lined up an investment of $10 million for technology-driven as well as consumer-focussed sectors for this fiscal.

The venture firm will also opt for the co-investment route (also known as syndicate deals) in which it will invest along with other venture capitalists and private equity firms.

Around 50% of the fund's total investment has been through syndicate deals and this would continue in the future, Singh said.