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The Venture Codex

Rajasthan Venture Capital Fund

7th Floor, Ganga Heights Bapu Nagar, Tonk Road, Jaipur, Rajasthan, 302015, India

Overview

RVCF operates from Jaipur and focuses on investments on a Pan India basis. RVCF Fund-I was established in 2002-03 and created an active investment portfolio of 10 companies, straddling across various sectors and stages. RVCF Fund I has managed successful exits from 9 companies. On the other the second fund by the name and style of SME Tech Fund – RVCF Trust II, which was launched in 2008-09 aiming to invest in IT/ITES, Education, Retail, Health care, Agro Products, Auto Components and other high growth sectors has made investment in 12 companies. It has already made exit from 4 companies while others remain a part of the portfolio.

Total investments
10
Lead investments
10
Investments · 12mo
1
Active investors
3

Sector focus

  • Venture Capital
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Investment portfolio

  • Fanusta

    Led · Seed · Aug 2026

    Founded in 2016, Fanusta operates an integrated design-and-build studio combining architecture, interior design, bespoke manufacturing and technology-enabled execution. The firm has delivered projects for clients including ITC Hotels, Taj Hotels and IIM Lucknow across hospitality, education and purpose-led social sectors. Until this round it had grown without outside capital, relying on internal resources to build its reputation. With the $1.5M institutional investment, Fanusta plans to scale its operations and build a category-defining brand at the intersection of design, technology and craftsmanship. Leadership emphasizes maintaining a commitment to India’s craft traditions as the company grows. The company frames the funding as validation of its approach and a step toward expanding its design-build footprint.

  • FutureCure Health

    Led · Series A · Mar 2022

    Founded in 2015 by Rajneesh and Anita Bhandari, FutureCure Health develops and operates NeuroEquilibrium, an integrated platform that combines proprietary diagnostic hardware, cloud-based remote software and treatment protocols to manage vertigo and dizziness. The company partners with hospitals, ENT clinics and neurology centres to provide non-invasive vestibular diagnostics and targeted therapy. It currently runs more than 300 clinics across India and 16 other countries, having treated over 150,000 patients. FutureCure plans to scale its vertigo offering globally while expanding into other chronic lifestyle conditions such as migraine and diabetes. The firm positions its deep-tech tools as a means to bridge the shortage of specialist doctors worldwide. Recent funding underscores management’s view that globally relevant healthcare technology can be built in India. The business generates revenue from its clinical network and technology deployments, though specific financial figures beyond patient and clinic counts were not disclosed.

  • Dhurina

    Led · Equity · Dec 2021

    Dhurina is an edtech platform founded in 2019 in Gurugram that provides live classes, recorded lectures, PDF notes, test series, doubt sessions and short revision videos. The company works with 150+ educators and offers 350+ courses across 100+ state-level competitive exam categories and several central-level exams, plus various skill-development courses. Within two years of launch it reached 2.5 million downloads and is targeting $10M revenue by FY-23 and a user base of 10M+. The product focuses on affordable exam preparation for students, including Tier‑III and underprivileged learners. Future plans include PAN‑India expansion into other large states, scaling platform infrastructure, enhancing product features, and investing in employee growth. Financially, the company has raised $1.2M in its latest funding round, bringing total investment raised to $1.3M.

  • Elixia Inc

    Led · Series A · Sep 2021

    Elixia Tech develops supply-chain technology, beginning with a vehicle telematics product and expanding into a fully digital Supply Chain Control Tower. Its platform includes interlinked softbots for logistics, warehouse and inventory that control planning and execution to reduce costs and increase visibility. The company applies machine learning to provide actionable business intelligence for goods in transit. Elixia Tech serves hundreds of customers across FMCG, pharmaceutical, chemical, 3PL and other sectors. Founded in 2011 and led by Sanket Sheth, the company is focused on scaling its product suite and market reach. It intends to use new funding to expand both domestically and internationally.

  • Kirana King

    Led · Series A · Nov 2020

    Kirana King aggregates individual kirana retailers under the Kirana King brand and manages supply chain, marketing, branding and other services for those stores. The company enables small grocers to reduce working capital needs, expand on-shelf product range and receive daily replenishment. As of the article, Kirana King operates a grocery retail network of more than 200 stores in Jaipur, Rajasthan. The business expects to close the current fiscal with revenue close to ₹60 crore, up from about ₹15 crore the prior year. Management plans to let each Kirana King store take online orders soon, providing customers with home-delivery options while sustaining local grocer business. Kirana King targets 1,000 stores by the end of 2021 with planned expansions into Madhya Pradesh, Uttar Pradesh, Maharashtra and Gujarat.

Team