Rahul Chandra, co-founder and managing director of Helion Venture Partners, is launching an early-stage fund to raise $100 million (Rs 645 crore). In an interview with Ranju Sarkar, he shares the investment thesis for Unitary Helion, which will back credit and payments businesses that drive marketplaces in agriculture and logistics. Excerpts:
Why did you decide to float a fund? What happens to Helion?
Unitary Helion has been launched to address the growth opportunity in the new-to-credit, new-to-banking households and small businesses in India. The demand for formal transaction and credit runs so deep that it would take a decade to fill the