Rahul Chandra, managing director at Helion Venture Partners, is raising a new early-stage fund called Unitary Helion, which will target a corpus of $100 million. “The new fund will have a lot of DNA of Helion, representing the early-stage focus of Helion. The Helion portfolio will be kept separate from the new fund,” said Chandra. The plans to raise a new fund on his own comes after the departure of several executives from Helion Venture Partners last year. In 2016, Helion executives Ritesh Banglani, Alok Goyal and Rahul Chowdhri split from the firm to start their own venture capital firm, Stellaris Venture Partners.

Source: Mint May 28, 2017 17:45 UTC