Suzuki Launches Rs 340 Cr Next Bharat Ventures fund for Indian startups

Suzuki, the Japanese automotive conglomerate, has established Next Bharat Ventures, an India-focused venture investment arm. The corpus of the venture investment arm is Rs 340 crore, and it is intended to support early-stage businesses.

The vehicle will be established as a subsidiary of Suzuki, which will serve as the sole limited partner (LP) for the initial fund. LPs are the sponsors of the funds.

The first cohort of Bharat Ventures will commence in October of this year, with applications opening on Thursday. The company will make investments through a residency program. This program will be comparable to the residency programs offered by organizations such as Antler and Y Combinator; however, it will concentrate on businesses that intend to generate social value through their operations.

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Over the next three to four years, Next Bharat Ventures intends to make up to 20 investments annually. The cheque quantities will vary from Rs 1 crore to Rs 8 crore. Among other sectors, the fund will concentrate on agritech, supply chain management, financial inclusion, and rural mobility.

The corpus will concentrate on businesses that benefit workers in the informal economy, such as contract workers and waste management workers, as well as those that work with the rural economy, including farmers and artisans, and will have a 15-year investment horizon.

About Next Bharat Ventures

Next Bharat, a proud subsidiary of Suzuki Motor Corporation, Japan, Next Bharat dedicated to advancing the Next Billion in India by supporting impact entrepreneurs who are committed to making a substantial difference.

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