Hurix Systems Gets $5.1 Mn From Helion Ventures

HELIONBangalore: Helion Ventures Pvt Ltd, India-focused venture fund has declared that it has invested $5.1 million in a Mumbai-based publishing & eLearning company, Hurix Systems Pvt.

Hurix offers various services across corporate learning, publishing, K-12 education, animation & gaming, technology services and products.

Hurix’s customers list comprise include 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 Co.

Kanwaljit Singh, Managing director, Helion, said the funding was in proportion to company’s plan to invest in high-powered companies.

In a declaration, Mr. Singh said, “Hurix has a proven track record in the fast growing publishing and eLearning space and has been doubling revenues and headcount every year since its inception in 2000, making it one of the most consistently growing companies.”

In addition to Kanwaljit Singh, Natarajan Ranganathan, CFO-Investment Advisor at Helion will join the Hurix Systems Board.