Foreign Venture Capital Investment rules permit FVCIs to acquire unlisted securities and invest through approved funds. Investment by a Foreign Venture Capital Investor (FVCI) is permitted, subject to Reserve Bank terms, in unlisted securities of Indian companies in specified sectors, startup securities, and units of VCFs or Cat-I AIFs. Capital instrument investments comply with sectoral caps and entry routes. Consideration must be paid by inward remittance or from a foreign currency account or a Special Non-Resident Rupee account used exclusively for these transactions. Sale or maturity proceeds (net of taxes) may be remitted abroad or credited to the foreign currency account or SNRR. A defined list of eligible sectors is provided.