Helion Invests INR 25 Crores in Enterprise Mobility Company, RapidValue
Helion, the multi-stage, India-focused venture fund with over $600 million under management today announced a Series A investment of about INR 25 crores in RapidValue, a leading provider of end-to-end mobility solutions to enterprises worldwide. This is Helion’s second investment in enterprise mobility, after EzeTap. RapidValue, which counts several emerging to Fortune 500 companies across the US, Europe, Middle-East and India as its customers, will utilise the funds to grow in various geographies and strengthen its delivery capabilities. Helion is the first and only institutional investor in the company and Rahul Chandra, Managing Director, Helion, who is also on the board of Helion’s another investee company, UnitedLex, will join the board of RapidValue. Rodney Rogers, who is a well-recognized thought leader and successful entrepreneur in the Information Technology Services industry, will also join RapidValue’s board as an independent director.
Globally, the market for mobility services is expected to be over USD 32bn by 2018, as enterprises increasingly move their business processes to mobile devices at a rapid pace. Mobility is causing massive data generation and requires enterprises to provide real-time intelligence from back-end systems to employees, customers and partners. Helion is focused on companies that tie these two together. RapidValue is poised to take advantage of this huge transformation as CIOs are keen to identify the best roadmap to make the move to mobile, without disrupting existing enterprise systems.
RapidValue was founded in 2009 by IIT-IIM alumni Rajesh Padinjaremadam and Sirish Kosaraju, along with chief architect Rinish K. Nalini. Having worked with global enterprise technology companies, all three founders have about 15 years of experience in technology consulting. RapidValue offers a range of services in mobility and is building reusable solutions such as mobile field service and mobile HRMS. Recently, the company launched ‘eQuipme’, a mobile field service suite that connects field service technicians from any device.With over 50 customers in their portfolio and having delivered 350 mobility projects since their inception, RapidValueaims to grow at 100% y-o-y over the next five years to become one of the largest independent mobility services firms.
Speaking on the investment, Rahul Chandra said, “Global enterprises are increasingly consuming services aimed at making them mobile-centric. Mobile has become the single most important point from where information services are being consumed and data is being generated. RapidValue helps enterprises to define their mobile strategy and in its implementation through custom and pre-built application development. The company is at the right stage of growth and addresses a rising global market opportunity. RapidValue has strong road-mapping and transformation skills and has built a reputation for successfully tying up deep back-end integration knowledge with front end usability.”
Commenting on how the funds will be utilised, Rajesh Padinjaremadam, CEO, RapidValue said, “We are excited to have Helion on board as they bring a unique mix of expertise in building and scaling technology companies both from product and services sides. This funding will help us accelerate our growth and further establish ourselves as one of the leading firms offering end-to-end mobility solutions.”
Helion is a multi-stage, India-focused venture fund with over $600 million under management. The fund invests in businesses that are technology-powered or catering to the Indian consumer services space. Helion’s focus sectors of investment include consumer internet, mobile, technology products, outsourcing, Healthcare, education, retail services and financial services. The fund’s investors are well-respected global institutions including top tier university endowment funds, sovereign funds, foundations, pension funds, family offices and Fund of funds. The fund and its portfolio companies are advised by an experienced and industry renowned team of professionals based in India and includes SanjeevAggarwal, Ashish Gupta, Kanwaljit Singh, Rahul Chandra and R Natarajan. For more information please visit www.helionvc.com.
RapidValue is a leading provider of end-to-end mobility solutions to enterprises worldwide. Armed with a team of 200+ experts in mobility consulting and application development, along with experience delivering over 350 projects in mobility, RapidVaue offers a range of services in mobility across industries. RapidValue delivers its services to the world’s top brands and fortune 1000 companies and has offices in the United States and India For more information please visit: www.rapidvaluesolutions.com