RAJASTHAN VENTURE CAPITAL FUND<br />Established in 2002-03.<br />Based in Jaipur.<br />Conceptualised and funded by <br /><ul><li>The Rajasthan State Industrial Development & Investment Corporation Limited (RIICO)
and the Small Industries Development Bank of India (SIDBI).</li></ul>Rajasthan’s first venture capital fund.<br />Mandated to operate on pan India basis. <br />
Focused on small and medium sized companies in the field of: <br /><ul><li>IT/ITeS
Entertainment sectors, etc.</li></li></ul><li>Active investment portfolio of eight companies, principally in Rajasthan and National Capital Region<br />Provides managerial support besides financial support to these companies.<br />Rajasthan-based companies includes Natural Technologies, Cyber Futuristics, Hiteshi Herbotech and Harbinger TechAxes. <br />NCR based companies include Home Store (India) Ltd., Liqvid e-Learning Services and Escotoonz Entertainment, Sundri Apparels Pvt. Ltd. <br />Successfully raised over Rs. 100 Cr. for its second fund & is further raising Rs 50 Cr. under "Green Shoe" option.<br />
Fund Objective <br />The Fund's investment in companies is through the route of equity, quasi-equity and debt instruments. <br />To provide the necessary management inputs towards developing the company's future direction and business strategies<br />Provides its investee companies, strategic support through its network, active partnership, etc. as a part of value addition and maximizition of shareholders wealth.<br />
1. Eligible Projects<br />To make available venture capital to new companies, which have shown performance, <br />To cater to growth and expansion of established unlisted companies.<br /> Invests in start-ups, turn-around and buy-out situations on case to case basis. <br />
2. Investment Criteria<br />The Fund is Looking for projects offering potential for an attractive growth and earnings. <br />Some of the parameters critical for project selection are: <br />Management<br />Market<br />Competitiveness<br />Return On Investment<br />
3. Investment Instrument <br />The Fund invests in the form of <br /><ul><li>Equity
the applicable SEBI regulations. </li></li></ul><li>4. Investment Range<br />Instrument Range <br /><ul><li>The Fund undertakes individual investment normally in the range of Rs. 10 million to Rs. 200 million.
Normally investment in equity is restricted to 40% of the total paid up capital of the company .
Larger investment may also be considered jointly with national funds. </li></ul>Investment Horizon <br /><ul><li>The Funds investment horizon varies from 3 to 7 years with the option for a quicker exit incase the situation so warrants. </li></li></ul><li>5. Disinvestment <br />The preferred exit route is through a listing on the stock exchange within 3 to 5 years, or as may be stipulated, from the date of investment. <br />The promoters are offered the right of first refusal of the Fund's holding at a market-determined price. <br />
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