Fund News
Suzuki-owned Next Bharat Ventures launches second impact fund targeting Rs.2,000-Cr
Bengaluru- and Japan-based Next Bharat Ventures , which is wholly owned and anchored by Suzuki Motor, has launched its second impact investment fund with a corpus of INR 2,000 crore. The firm plans to target early and growth-stage startups, with an average ticket size between USD 0.5 M and USD 1 M. The fund has a 15-year life and intends to complete 10 to 12 deals annually over the next four years.The company focuses on backing entrepreneurs working to improve the quality of life within India’s rural informal economy. The new fund will invest in sectors including rural-focused healthcare, rural mobility, financial services, productivity, agritech, cleantech, and retail tech. It will also back micro-entrepreneurs, impact-focused AI startups, and livelihood-creation offerings. About half of the fund’s corpus is allocated to a fund-of-funds strategy to invest as a limited partner in high-performing VC firms.Next Bharat Ventures launched its first fund in 2024 with a corpus of INR 340 crore, which has completed 20 investments to date.
Want to receive such news items in your inbox? Click Here to sign up for a trial.
