Suzuki Motor arm Next Bharat Ventures launches Rs.2,000 crore second impact fund to back rural entrepreneurs
New Delhi, July 6 -- Impact-focused venture capital firm Next Bharat Ventures (NBV), a wholly owned subsidiary of Japan's Suzuki Motor Corp., has launched its second impact fund with a target corpus of Rs.2,000 crore.
The new fund will enable Next Bharat to expand its support towards "impact entrepreneurs", the company said in a statement. Some of the sectors it will focus on include agriculture, financial inclusion, healthcare, and AI for social good.
"Our impact founders are innovators working on grassroots level transformation while ensuring business output, with over 90% of our portfolio companies already heading towards profitability in their early years," said Vipul Jindal Nath, founder and CEO of Next Bharat Ventures.
Toshihiro ...
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