Rajasthan Venture Capital Fund launched its fourth ₹150 crore fund to support early-stage technology startups across sectors like IT, health, and climate. The fund aims to foster innovation, create jobs, and promote inclusive growth through strategic support and investments.
In a major boost to Rajasthan’s startup ecosystem, the Rajasthan Venture Capital Fund (RVCF) has launched its Fourth India Growth Fund with an initial corpus of ₹150 crore, underscoring the government’s commitment to fostering technology-led, high-impact entrepreneurship. The new fund aims to back early-stage startups operating in sectors such as IT, healthcare, climate, agritech, and digital transformation, with a focus on scalable and sustainable business models.
Key Highlights:
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Substantial Investment in Innovation: The ₹150 crore fund (with an additional ₹100 crore Green Shoe Option) is designed to support pre-Series A and Series A companies, emphasizing scalable and high-impact ventures.
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Focus on Technology and Impact: RVCF targets sectors like IT, climate, health, and agriculture, aligning investment priorities with national and regional developmental goals.
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Strong Support Ecosystem: Beyond capital infusion, RVCF pledges strategic guidance, governance support, and access to extensive industry networks to help startups scale efficiently.
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Track Record of Success: Over 23 years, RVCF has facilitated 44 investments, with some exits delivering returns exceeding 20 times. Notable successes include companies like Wooden Street and Mosambi, with several ventures now listed on NSE SME and Nasdaq.
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Inclusive Growth and Job Creation: A significant 66% of funded ventures are founded by first-time entrepreneurs, with nearly one-third led by women. The fund has generated over 10,000 jobs and served more than 10 million customers, creating measurable social and economic impact.
Strategic Significance:
The launch reflects Rajasthan's strategic vision of becoming a hub for innovation-led development, attracting early-stage startups, and fostering regional entrepreneurial talent. Industry experts highlight that by combining long-term capital with active mentorship, RVCF continues to strengthen Rajasthan’s position as a preferred destination for startup investments, emphasizing sustainability and inclusion.
Source: Times of India, e27, RVCF official reports