Rajasthan State Industrial Development & Investment Corporation Limited (RIICO), the state owned public sector unit (PSU), will invest Rs 30 crore in India Growth Fund – IV floated by Rajasthan Venture Capital Fund (RVCF). With this infusion, RIICO has taken total contribution in the fund to Rs 75 crore.
The Rs 250 crore India Growth Fund – IV, launched in December 2025, is aimed at extending strategic investment in at least 25 start ups and emerging entrepreneurs. The fund has capital infusion from RIICO, SIDBI, State Bank of India and Foreign Commonwealth and Development Office among 15 investors.
Suresh Kumar Ola, Managing Director RIICO and Chairman RVCF said that RVCF and RIICO have contributed immensely in the development of new business and nurturing young entrepreneurs.
“In last two decades, RVCF has supported startups in many areas including technology, healthcare, agritech, clean energy, manufacturing, fintech and digital transformation,” he said.
Ola said that the India Growth Fund -IV, like previous three funds of RVCF, will provide positive returns to its investors.
RVCF, since its creation in 2002, has collaborated with 44 companies including Synergistic Financial Networks Private Limited (Mosambee), Wooden Street Furnitures Pvt Ltd, Network People Services Technologies Limited (NPST) and others which have given good returns to RVCF promoters.
