Existing investors Bessemer Venture Partners and Helion Advisors along with International Finance Corp and Sands Capital participated in the round, Abraaj said in a statement.
With the Indian economy expected to grow at 6.4 percent in 2015 according to the World Bank, India is seeing a fair amount of excitement in its startup ecosystem. Young Turks gets you highlights of two programs, TiE Sillicon Valley and Helion Advisors that are attempting to connect India with the world.
CNBC-TV18 brought together some of the brightest and most respected entrepreneurs and venture capitalists like Sanjeev Aggarwal, MD, Helion Advisors; Sanjeev Bhikchandani, founder, naukri.com and Hemir Doshi, co-founder, IDG Ventures India, to draw up the entrepreneurial agenda for 2011.
In an exclusive interview with CNBC-TV18’s Elan Dutta and Nayantara Rai, Aggarwal says due to the misuse of signed blank documents to buy and sell various securities, Helion Advisors has lost money to the tune of Rs 33 crore.