Rajasthan Venture Capital fund, the investment arm of Rajasthan Assest Management Company has raised Rs. 75 crores for investment in IT sector.
..the new fund would undertake individual investment in the range of Rs one crore to Rs 25 crore. “The fund will provide both start-up and growth capital to companies with focus on IT/ITES, auto, biotech and other technology oriented industries – source
The contributors to this fund are Rajasthan State Industrial Development and Investment Corporation. (RIICO), Small Industrial Development Bank of India (SIDBI), United India Insurance(UIIC), General Insurance Corporation of India (GIC), Technology Development Board (TDB), GoI and State Bank Bikaner and Jaipur (SBBJ).
RVCF’s portfolio includes Home Store (India) Ltd., Liqvid e-Learning Services and Escotoonz Entertainment, Natural Technologies, Cyber Futuristics, Hiteshi Herbotech and Harbinger TechAxes.