Rajasthan Venture Capital Fund invests in Pune-based SoftTech Engineers
Summary
Rajasthan Venture Capital Fund (RVCF) has invested an undisclosed amount in SoftTech Engineers Pvt Ltd, a Pune-based civil, construction and infrastructure ERP software product company. RVCF has picked a minority stake in the company through its SME Tech Fund, which invests across India in IT/ITeS, education, healthcare, agro products among other sectors. The capital infusion from RVCF will help the company increase sales and marketing, develop new products and enhance the existing ones," said Vijay Gupta, CEO, SoftTech Engineers. National Venture Fund For Software and IT Industry, which invested in SoftTech in 2004, exited the firm in 2008 through a buy-back process. It manages two SEBI registered domestic venture capital funds—RVCF Fund I and SME Tech Fund–RVCF Trust II.