India-focused venture fund Helion Ventures today announced an investment of $5.1 million (around Rs 20 crore) in Mumbai-based Hurix Systems – a online publishing & e-learning company.
In addition to the funding, Kanwaljit Singh, MD, Helion Ventures and Natarajan Ranganathan, CFO – Investment Advisor at Helion Ventures will join the Hurix Systems board.
Hurix has clients like the McGraw-Hill Group, Prentice Hall School, Scott Foresman, Pearson Learning Group, LG Electronics, Cathay Pacific, DHL Express, Johnson & Johnson, Kotak Mahindra Bank and Pepsi.(Business Standard)