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Investments

30

Portfolio Exits

3

Funds

5

About Rajasthan Venture Capital Fund

Rajasthan Venture Capital Fund (RVCF) aims to invest in start-up and mid-stage companies, operating in high growth sectors with a sustainable revenue model and a highly motivated and experienced management team. RVCF focuses on companies in the IT/ITeS, Bio-technology, Retail, Tourism, Hospitality, and Entertainment sectors.

Rajasthan Venture Capital Fund Headquarter Location

7th Floor, Ganga Heights Bapu Nagar, Tonk Road

Jaipur, 302 005,

India

+91 141 407 1680

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Latest Rajasthan Venture Capital Fund News

Rajasthan government to invest Rs 5 Cr in startups

Jan 13, 2022

{{monthName}} {{day}}, {{year}} Rajasthan's Department of Information Technology and Communications (DoIT&C) will provide Rs 5 crore funding to 108 startups in the state. 0 CLAPS 0 The Government of Rajasthan will spend Rs 5 crore to fund 108 startups, to build a favourable environment for the overall startup ecosystem in the state, the Department of Information Technology and Communications (DoIT&C) said in a release on Wednesday. All of them would receive continuous guidance through the state’s iStart mentorship programme. As a part of this mentorship programme, the startups receive guidance and training to help them evolve and access new markets and customers. iStart Rajasthan is the state’s flagship initiative for startups to foster innovation, create jobs and encourage entrepreneurship. The Department of Information Technology and Communication of Rajasthan government provides an integrated comprehensive platform for startups, investors, incubators, accelerators, and mentors. The focus of this initiative is to fund startups that are on the idea stage, early stage, and startups with MVP (Minimal Viable Product). The initiative is backed by investors like Axis Bank, HDFC Bank, Gilda Enterprise, Let’s Venture, and Ankur Capital Fund. ALSO READ The government will give sustainability allowance to 28 startups that are at the idea/prototype stage and each of them will get a grant of Rs 10,000 per month for one year. Out of them, 25 startups at the MVP stage will get a marketing allowance of up to Rs 10 lakh. The state will give seed funding to nine startups to mature their products and services, and one startup will receive techno fund meant for potential and emerging startups or those led by women or green startups. Around 42 out of these 108 startups will get a COVID-19 seed grant, as per the budget announcement of Chief Minister Ashok Gehlot in February 2021. The decision was taken under the chairmanship of Principal Secretary to the Government, Alok Gupta, in the third meeting of the State Level Implementation Committee. Representatives of Rajasthan Venture Capital Fund and higher education institutions of the state like BITS-Pilani, MNIT and IIT Jodhpur were also a part of the call. The Commissioner of Information Technology and Communications Department Sandesh Nayak was also present. Edited by Kanishk Singh

Rajasthan Venture Capital Fund Investments

30 Investments

Rajasthan Venture Capital Fund has made 30 investments. Their latest investment was in Dhurina as part of their Seed VC - II on December 12, 2021.

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Rajasthan Venture Capital Fund Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

12/23/2021

Seed VC - II

Dhurina

$1.2M

Yes

3

11/8/2021

Seed VC

Codevidhya

Yes

1

9/6/2021

Seed VC

Elixia Tech Solutions

$1M

Yes

Undisclosed Angel Investors

4

2/10/2021

Seed VC

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$99M

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10

1/22/2021

Seed VC - II

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$99M

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10

Date

12/23/2021

11/8/2021

9/6/2021

2/10/2021

1/22/2021

Round

Seed VC - II

Seed VC

Seed VC

Seed VC

Seed VC - II

Company

Dhurina

Codevidhya

Elixia Tech Solutions

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Amount

$1.2M

$1M

$99M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Undisclosed Angel Investors

Sources

3

1

4

10

10

Rajasthan Venture Capital Fund Portfolio Exits

3 Portfolio Exits

Rajasthan Venture Capital Fund has 3 portfolio exits. Their latest portfolio exit was Aujas Networks on March 22, 2019.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

3/22/2019

Acquired

3

4/27/2018

IPO

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10

4/21/2014

Acquired

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10

Date

3/22/2019

4/27/2018

4/21/2014

Exit

Acquired

IPO

Acquired

Companies

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Valuation

Acquirer

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Sources

3

10

10

Rajasthan Venture Capital Fund Fund History

5 Fund Histories

Rajasthan Venture Capital Fund has 5 funds, including Rajasthan Venture Capital Fund II.

Closing Date

Fund

Fund Type

Status

Amount

Sources

11/18/2008

Rajasthan Venture Capital Fund II

Multi-Stage Venture Capital

Open

$1.55M

1

11/8/2007

Rajasthan Venture Capital Fund

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10

12/31/2003

Rajasthan Venture Capital Fund I

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10

Rajasthan Venture Capital Fund III

10

Rajasthan Venture Capital Early Stage Fund

10

Closing Date

11/18/2008

11/8/2007

12/31/2003

Fund

Rajasthan Venture Capital Fund II

Rajasthan Venture Capital Fund

Rajasthan Venture Capital Fund I

Rajasthan Venture Capital Fund III

Rajasthan Venture Capital Early Stage Fund

Fund Type

Multi-Stage Venture Capital

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Status

Open

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Amount

$1.55M

Sources

1

10

10

10

10

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