Vienova Education, affordable private education provider based in Delhi, has some exciting news to share. Helion Advisors, one of the largest early stage venture funds in the country, today announced an investment of US$ 3.5 million in the company.

Vienova Education received its first round of funding by Indian Angel Network (IAN) and others in 2008. With this investment, Mr Sanjeev Aggarwal, Senior Managing Director, Helion Advisors, joins the board of Vienova Education.

Key Board members currently include Mr Saurabh Srivastava, Co-Founder IAN, Co-Founder and Past Chairman of NASSCOM, as well as an Angel Investor; and Mr. Rohit Chand, a renowned serial entrepreneur, who started IIS-Infotech (now Steria India) and Axis-IT&T.

Vienova is an emerging leader in the affordable education space and provides a range of educational services to schools in North India. Vienova leverages technology to deliver high quality services in value conscious and price sensitive markets. With the current investment from Helion Advisors, Vienova Education plans to expand its services to 100 schools in the near future.

Parikshit Jain, the CEO and Founder of Vienova is an alum of IIT Delhi and IIM Ahmedabad, with six years plus experience at consulting major McKinsey & Co, where he built two businesses from scratch amongst other things, while working for clients across several countries.

Helion is a multi-stage, India-focused venture fund managing US$ 350 million. The fund invests in businesses that are either technology-powered or catering to the Indian consumer services space. The fund has investments across sectors like outsourcing, internet, mobile, technology products, retail services, education and financial services.

Indian Angel Network, early investors in Vienova, is the first and largest pan-India Angel network comprising several of India’s successful entrepreneurs and CEOs who share a passion for early stage businesses. The Network has over 170 members and has made more than 25 investments across multiple sectors like IT, Mobile and Education and has made several successful exits.

The education sector has emerged as a major sector with promising growth prospectus in India. There have been very successful stories in the sector, with companies using new technology to reach more students and offer cost effective solutions. Vienova is overcoming challenges unique to this category by deploying low cost monitoring mechanisms, training teachers, and through tailored education content.

Announcing Helion’s investment, Sanjeev Aggarwal said, “Education offers interesting opportunities, particularly in the mass market segment, for investors with a 5-10 year horizon. What’s more, through Vienova, we are very excited about providing quality education alternatives to the next generation, the social impact it can have and the huge scale that businesses in the sector can achieve.”

 Commenting on the latest development, Mr Saurabh Srivastava, co-founder of Indian Angel Network, said, “In Vienova, IAN saw the high growth opportunity of building a venture, focused on the nation building area of education. We were impressed by the detailed execution plan from Parikshit and his team and it has played out well. IAN welcomes Helion’s investment and the strategic insights that Sanjeev would bring to the table.”