Helion Venture Partners sees more exits at senior level

Helion Venture Partners, one of the country's oldest venture capital firms, said three of its partners are leaving the firm to pursue other opportunities. Rahul Chowdhri, Ritesh Banglani and Alok Goyal are leaving nine months after co-founder and senior managing director Kanwaljit Singh quit to pursue his interests in the consumer space. It was with Singh's departure that the venture firm announced the elevation of two directors, Banglani and Chowdhri, as partners at the venture fund. "The split is primarily due to difference in investment styles," a top executive in the firm said on the condition of anonymity. Helion is traditionally known to be more of a conservative fund and, according to the executive, it is speculated that Chowdhri, Banglani and Goyal wanted to take bolder bets, especially technology-focussed, which was not in sync with the thinking at the top.