Suzuki launches Rs.340-Cr strategic investment unit

Japanese automotive major Suzuki has launched a venture investing arm ' Next Bharat Ventures ' with a corpus of INR 340 crore to back early-stage startups in India. Next Bharat Ventures will invest in startups through a residency programme, the first cohort of which will begin in October this year. It aims to invest in 20 companies in a year over the next three to four years. The cheque sizes will range from INR 1 crore to INR 8 crore.