Next, Bharat Ventures entered into Memorandums of Understanding (MoUs) with venture capital firms 3one4 Capital and Antler India. These funds specialize in investing in early-stage startups, both within India and globally.
In a statement, the company, a subsidiary of Suzuki Motor Corp Japan, announced its collaboration with 3one4 Capital and Antler India. The partnership aims to offer strategic guidance, funding opportunities, and extensive networks to early-stage startups in various sectors, including mainstream business and social enterprises. This support will be provided through a cohort-based approach.
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The company aims to provide a comprehensive support structure for impact entrepreneurs through its main initiative, the “Next Bharat Residency” program. The application deadline has been extended to August 12, 2024, and the application period is set to begin on October 14, 2024.
Jindal, together with Siddarth Pai, Founding Partner at 3one4 Capital, and Lakshmikant PB, Director-Finance, Antler India, inked the MoU.
Rajiv Srivatsa, Partner and Investor, Antler India, said: “We have a tailored approach to nurturing startups through our high selectivity and Antler Residency Platform. We hope the global expertise of Antler in cohort-based investments and Next Bharat’s vision to create social impact in Tier II and III India can together help scale solutions that will make a significant difference in India’s current entrepreneurship landscape,”
Siddarth Pai, Founding Partner, 3one4 Capital, said: “By combining our strategic expertise in early-stage investments with Next Bharat’s focus on socially impactful enterprises, we aim to provide comprehensive support to further the mission of entrepreneurship and value creation in India,”
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