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Helion Venture Partners announced an investment of Rs. 20 crores in GETIT Infoservices (P) Ltd.

GETIT currently publishes yellow pages, buying guides and business directories in over 35 cities. Its services are also available online, on WAP and through its 24x7 telephone information services across India.

Commenting on the investment, Rahul Chandra, Director at Helion Advisors, “GETIT is the clear leader in the print directories space. Coupled with its new digital offerings, we believe GETIT's presence in the market place with thousands of advertisers is a key differentiator. Helion's participation in GETIT is born of this belief that GETIT will be able to continuously bring to market innovative and scalable solutions.”

Sidharth Gupta, CEO of GETIT Infoservices says, “We chose to partner with Helion because we have immense faith in their exceptional management team. We are confident that together we will be able to build a very strong organisation and a vibrant brand – which will be the leader in the search and classifieds space.”

“We are confident that GETIT, with its leadership and management bandwidth, will successfully transform from the leading print player to an integrated media solutions provider both in the local search and classifieds space. Helion is very interested in this market and our investment will be directed towards expanding GETIT’s service offerings across multi-access channels,” adds Rahul Chandra.

GETIT has recently launched its all new print offerings with the release of its new buying guides in Bengaluru. According to the company, soon GETIT’s integrated digital products will be brought to the market to offer significantly improved user experience.

As a result of this investment, Rahul Chandra, Director at Helion Advisors Private Limited will join the board of Getit Infoservices Pvt. Ltd.

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