Jaipur-based Rajasthan Venture Capital Fund (RVCF) launched its fourth fund, India Growth Fund IV, with an initial corpus of ₹150 crore and a Green Shoe Option of ₹100 crore, taking potential size to ₹250 crore.

The fund targets pre-Series A and Series A technology startups across sectors including healthcare, agritech, cleantech and digital transformation. RVCF, established over two decades ago, has made 44 investments so far, largely supporting first-generation entrepreneurs and MSMEs. Two earlier funds have been fully exited, while the third is expected to deliver nearly 2x returns.