Helion Venture Partners fund JiGrahak Mobility

Bangalore, Aug 10: Helion Venture Partners, an India-focused technology venture fund, today announced an investment of US Dollar 2.2 million in JiGrahak Mobility Solutions, a city-based mobile technology company that enabled mobile commerce and payments through innovative products.

''The investment will be used to rapidly scale up JiGrahak's sales and marketing efforts in India and enhance its technology infrastructure,'' the company said in a release here.

Mr Ashish Gupta and Mr Kanwaljit Singh of Helion Ventures Pvt Ltd would join the Board of Directors at JiGrahak.

JiGrahak's first service offering, NGPay, was a free, easily downloadable mobile application that allowed users to buy goods and services through their mobile phones in a quick and secure manner.

Businesses could use the NGPay platform as a new 'anytime, anywhere' channel to offer their products or services like movie tickets, flowers, books, airline tickets and gifts to customers. JiGrahak's portfolio of customers included a leading airline, an online shopping mall, a multiplex chain and a global financial institution.

UNI