The Rajasthan Venture Capital Fund (RVCF) launched its fourth fund — India Growth Fund IV — with a corpus of ₹150 crore in December 2025 to invest in pre-Series A and Series A stage technology startups. The fund focuses on five key investment sectors: technology, healthcare and medtech, agritech, cleantech, and digital transformation. RVCF operates under the aegis of the Rajasthan government's Department of Science and Technology (DoST) and is part of the state's broader startup and innovation ecosystem that was actively promoted at the Rising Rajasthan Global Investment Summit 2024. The launch of India Growth Fund IV reflects Rajasthan's strategic shift towards becoming a startup-friendly investment destination, building on its Startup Policy 2015 and the more recent AI Policy 2025 announced under CM Bhajanlal Sharma. With Jaipur emerging as a Tier-2 startup hub and growing activity in cities like Jodhpur and Kota, the fund is expected to catalyse early-stage startup growth across the state. The healthcare and agritech focus of the fund is particularly significant for Rajasthan given the state's large agricultural workforce and the need for affordable healthcare solutions in rural and semi-arid districts. RVCF's track record with its previous three funds includes investments in over 40 startups, generating employment for thousands of professionals.
Rajasthan Venture Capital Fund Launches India Growth Fund IV with ₹150 Crore Corpus for Pre-Series A and Series A Tech Startups
The Rajasthan Venture Capital Fund (RVCF) launched its fourth fund — India Growth Fund IV — with a corpus of ₹150 crore in December 2025 to invest in pre-Series A and Series A stage technology startups. The fund focuses on five key investment sectors: technology, healthcare and medtech, agritech, cleantech, and digital transformation. RVCF operates under the aegis of the Rajasthan government's Department of Science and Technology (DoST) and is part of the state's broader startup and innovation ecosystem that was actively promoted at the Rising Rajasthan Global Investment Summit 2024. The launch of India Growth Fund IV reflects Rajasthan's strategic shift towards becoming a startup-friendly investment destination, building on its Startup Policy 2015 and the more recent AI Policy 2025 announced under CM Bhajanlal Sharma. With Jaipur emerging as a Tier-2 startup hub and growing activity in cities like Jodhpur and Kota, the fund is expected to catalyse early-stage startup growth across the state. The healthcare and agritech focus of the fund is particularly significant for Rajasthan given the state's large agricultural workforce and the need for affordable healthcare solutions in rural and semi-arid districts. RVCF's track record with its previous three funds includes investments in over 40 startups, generating employment for thousands of professionals.
Key facts
- RVCF launched India Growth Fund IV with ₹150 crore corpus in December 2025 for tech startups.
- Focus sectors are technology, healthcare/medtech, agritech, cleantech, and digital transformation.
- RVCF operates under Rajasthan's Department of Science and Technology (DoST).
- The fund was promoted at the Rising Rajasthan Global Investment Summit 2024.
- Jaipur is emerging as a Tier-2 startup hub with growing activity in Jodhpur and Kota.
- RVCF's previous three funds invested in over 40 startups generating thousands of jobs.
Mains angle
Q: Analyse how the Rajasthan Venture Capital Fund's India Growth Fund IV, with a ₹150 crore corpus for pre-Series A and Series A tech startups, reflects Rajasthan's strategic shift towards becoming a startup-friendly investment destination.
Answer (50 words):
In December 2025, the Rajasthan Venture Capital Fund launched India Growth Fund IV with a ₹150 crore corpus targeting pre-Series A and Series A tech startups across technology, healthcare, agritech, cleantech, and digital transformation. Building on Startup Policy 2015 and AI Policy 2025, it catalyses Jaipur's Tier-2 ecosystem.
Static prep for this topic
Read the permanent syllabus behind this story.
6-axis classification
Appears in these topics
Practice MCQ from this story
SolveTap an option below. Correct or incorrect feedback appears instantly.
Which statement correctly describes Rajasthan Venture Capital Fund's India Growth Fund IV launched in December 2025?
Rajasthan Venture Capital Fund launched India Growth Fund IV in December 2025 as its fourth fund. The fund has a ₹150 crore corpus, with a green-shoe option reported separately, and is aimed at early-stage technology-led startups across sectors such as technology, healthcare, agritech, cleantech, and digital transformation.
Frequently asked questions
What is the Rajasthan Venture Capital Fund (RVCF) and under which government body does it operate?
The Rajasthan Venture Capital Fund (RVCF) is a state government-backed venture capital fund that invests in early-stage technology startups. It operates under the aegis of Rajasthan's Department of Science and Technology (DoST) and is part of the state's broader startup and innovation ecosystem strategy.
What is India Growth Fund IV and what are its key features?
India Growth Fund IV is RVCF's fourth fund, launched in December 2025 with a corpus of ₹150 crore. It targets pre-Series A and Series A stage technology startups. Its five focus investment sectors are technology, healthcare/medtech, agritech, cleantech, and digital transformation — aligning with both national priorities and Rajasthan's emerging strengths.
What was the significance of the Rising Rajasthan Global Investment Summit 2024 for RVCF?
The Rising Rajasthan Global Investment Summit 2024 served as a key platform where RVCF actively promoted India Growth Fund IV to domestic and international investors, signalling Rajasthan's intent to position itself as a serious startup and investment destination. The summit attracted large investment commitments and helped raise RVCF's profile among institutional investors.
Which cities in Rajasthan are emerging as startup hubs and what sectors are they focused on?
Jaipur is the primary emerging Tier-2 startup hub in Rajasthan, with activity growing rapidly in sectors like edtech, fintech, agritech, and IT services. Jodhpur and Kota are also seeing increasing startup activity. This geographic diversification within Rajasthan reflects the state's ambition to build a distributed innovation ecosystem beyond the capital.
What has RVCF's overall investment track record been across its previous three funds?
RVCF's previous three funds collectively invested in over 40 startups and helped generate thousands of direct and indirect jobs in Rajasthan. These investments have spanned sectors such as IT, healthcare, agritech, and consumer technology, establishing RVCF as a pioneer in state-backed venture capital in India.
Was this useful?
Share corrections or missing exam angles with the editorial team.
Send feedback