RIICO adds Rs 30 crore to Rajasthan's India Growth Fund-IV
What's the deal? RIICO signed an agreement in July 2026 to invest an additional Rs 30 crore in Rajasthan Venture Capital FundDealroom has a profile for this one. Try Dealroom →'s (RVCF) India Growth Fund-IV, raising its total commitment to Rs 75 crore. The fund launched with a corpus of Rs 250 crore.
What's the endgame? India Growth Fund-IV targets startups and MSMEs in Rajasthan. It provides capital, guidance, and strategic support to help entrepreneurs expand businesses, create jobs, and foster innovation, a senior RIICO official said.
Why now? Chief Minister Bhajan Lal Sharma had earlier said 25 startups would be assisted through the fund this year.
The track record: RVCF's three earlier funds backed 44 companies and delivered positive returns. Exits include fintech firm MosambeeDealroom has a profile for this one. Try Dealroom →, acquired by Pine Labs; Wooden Street Furniture, whose stake was sold to WestBridge CapitalDealroom has a profile for this one. Try Dealroom → and Premji Invest; and NPST, listed on the NSE SME exchange. "All three yielded multi-bagger returns," the official said.
The signal: RIICO MD Suresh Kumar Ola said the government is building an enabling environment for MSMEs and startups. "RVCF has been a support system for young entrepreneurs over two decades, investing across technology, healthcare, agritech, clean energy, manufacturing, fintech, and digital transformation," he added.
Read more: MSN
