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Venture Capitalist
Venture Capitalist
Venture Capitalist
Venture Capitalist
Venture Capitalist
Venture Capitalist
Venture Capitalist
Venture Capitalist
Venture Capitalist
Venture Capitalist
Venture Capitalist
Venture Capitalist
Venture Capitalist
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Venture Capitalist

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Gujurat Venture Capital Fund

Gujurat Venture Capital Fund

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

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