<article><a style="color: #000080;" href="http://www.dealstreetasia.com/?s=Helical+Solutions" target="_blank">Helical Solutions</a>, a Hyderabad-based IT company, is raising up to $2 million in Series A funding from a couple of US-based investors.</article>

<a style="color: #000080;" href="http://www.dealstreetasia.com/?s=Helical+Solutions" target="_blank">Helical Solutions</a>, a Hyderabad-based IT company, is raising up to $2 million in Series A funding from a couple of US-based investors.
The funding will be used mainly to set up sales operations in the US and Europe markets. Some of that will also be used enhancing features and hiring engineers for their existing products.
&#8220;US based investors can not only help with the funding but also have good expertise on local business environment and excellent connects in their local geography,&#8221; said Nikhilesh Tiwari, who co-founded the company with Nitin Sahu in November, 2012.
The company focusses on open source business intelligence (BI) products and data warehousing. They have more than 25 clients, including <a style="color: #000080;" href="http://www.dealstreetasia.com/?s=Tata+Communications" target="_blank">Tata Communications</a>, <a style="color: #000080;" href="http://www.dealstreetasia.com/?s=CA+Technologies" target="_blank">CA Technologies</a> and energy and utilities provider <a style="color: #000080;" href="http://www.dealstreetasia.com/?s=Technip" target="_blank">Technip</a>. Most of their clients are US-based companies, with a few in India, Israel and Sweden.
Tiwari told DEALSTREETASIA that the company has been profitable from its first year of operations. Helical had raised angel funding in 2015, and has raised $460,000 in total according to data from CBInsights.
Unlike consumer and internet startups that have burned a lot of cash in the last two years to capture more marketshare, IT startups and business-to-business players have managed to grow while managing to keep costs from escalating wildly. Such companies have continued hiring in year when startups with more funding have laid off people or sharply cut down on hiring.
&#8220;While funding has slowed since last year, the money is there for startups that have good teams and viable business plans,&#8221; said Ashish Taneja, founder of venture capital firm <a style="color: #000080;" href="http://www.dealstreetasia.com/?s=GrowX+Ventures" target="_blank">GrowX Ventures</a>, referring to startups in the IT and B2B space.
Tiwari said that the funding should close before the end of the year.
Also read:
<a style="color: #ff0000;" href="http://www.dealstreetasia.com/?s=Technip" target="_blank">Civmec suspends acquisition of Technip unit</a>
<a style="color: #ff0000;" href="http://www.dealstreetasia.com/?s=CA+Technologies" target="_blank">Indegene Lifesystems acquires Canada’s Skura Technologies</a> 
<a style="color: #ff0000;" href="http://www.dealstreetasia.com/?s=Tata+Communications" target="_blank">Temasek unit buys Tata Communications 17 data centers for $634m</a>

Helical Solutions, a Hyderabad-based IT company, is raising up to $2 million in Series A funding from a couple of US-based investors.

India: Helical Solutions to raise $2m Series A

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India: Helical Solutions to raise $2m Series A

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