Rajasthan Venture Capital Fund (RVCF)

Rajasthan Venture Capital Fund (RVCF) is one of India's oldest regional SEBI-registered venture capital platforms, established in 2002 in Jaipur, Rajasthan with Small Industries Development Bank of India (SIDBI) among its institutional contributors. The fund is managed by Rajasthan Asset Management Co. Pvt. Ltd and currently oversees three SEBI-registered domestic venture capital vehicles: RVCF Fund I (fully exited), RVCF Trust II — the SME Tech Fund launched in 2008 (under divestment), and RVCF Trust III — the actively investing India Growth Fund. CEO Suneet brings over 28 years of experience across project finance and venture capital. RVCF leads rounds and backs first-generation entrepreneurs and MSMEs across pre-Series A to Series A stages, with a pan-India geographic remit spanning technology, education, retail, healthcare, agritech, and auto components. Check sizes range from $500,000 to multi-million-dollar commitments across 44 total disclosed investments. Notable portfolio companies include Fabriclore (textile B2B marketplace), FutureCure, Dhurina (education technology), Codevidhya (education), FreshoKartz (agritech), Inficold (cold-chain infrastructure), and Chatha Foods. Funds I and II were fully exited with positive returns, Fund III is expected to deliver approximately 2 times invested capital, and several individual investments have generated returns of 20 times or more over three-to-seven-year holding periods. RVCF's founding mandate — to deploy institutional venture capital into Rajasthan and adjacent Indian markets historically underserved by Mumbai and Bengaluru-centric funds — remains intact across successive fund vintages. The firm combines patient capital with active operational support, board engagement, and a 23-year track record of backing founders solving enterprise and societal problems across India's high-growth economy.