RVCF Launches ₹150-Crore India Growth Fund | 15 Dec 2025

Why in News?

Rajasthan Venture Capital Fund launched its fourth fund, India Growth Fund IV, with a corpus of ₹150 crore and a Green Shoe Option of ₹100 crore.

Key Points

• Objective: The fund was designed to invest in pre-Series A and Series A technology startups with scalable business models, strong job creation potential and significant economic impact.
• Sectors: Key investment areas include technology, healthcare, agritech, cleantech and digital transformation.
• Support: Beyond capital, Rajasthan Venture Capital Fund will provide strategic guidance, governance support and access to industry networks to help startups scale sustainably.
• Vision: The fund aligns with the Rajasthan government’s long-term vision of innovation-led development and building a self-sustaining startup ecosystem.
• Legacy: With over 23 years of operations, Rajasthan Venture Capital Fund has made 44 investments, largely supporting first-generation entrepreneurs and micro, small and medium enterprises.
• Returns: Two earlier funds were fully liquidated with positive returns, while the third fund is under divestment with expected returns of about double the invested amount.
• Impact: Select exits delivered returns of over 20 times, four portfolio companies achieved public listings, and invested ventures served over 10 million customers and created more than 10,000 jobs.
• Inclusion: About 66% of funded ventures were founded by first-time entrepreneurs and nearly one-third had women founders, highlighting the fund’s inclusive growth approach.