Next Bharat Ventures IFSC Private Limited recently announced the launch of a INR 3,400 crore fund to act as a growth accelerator for startups in Tier II and below regions, with a primary focus on empowering India’s next billion entrepreneurs.
Next Bharat is a subsidiary of Suzuki Motors. It stands out as a beacon of hope for budding entrepreneurs who are passionate about making a difference in rural and informal sectors. Its flagship initiative, named the Next Bharat Residency programme, offers a four-month stay to early-stage entrepreneurs. The programme is open for applications till July 31 and is primarily targeted at entrepreneurs who prioritise social impact. Startups should have a clear problem-solving approach and be passionate about contributing to the community at the same time.
Suzuki Motor Corporation President Toshihiro Suzuki said Suzuki’s mobility business reaches 400 million people in India, meaning a huge chunk of the population is still untapped. The company’s goal is to connect with India’s “next billion” and expand its business beyond mobility.
The launch of Next Bharat Ventures marks Suzuki’s first investment fund in India. The fund aims to nurture and empower impactful entrepreneurs. They will receive financial support and access to the Suzuki Group’s extensive network and resources.
Vipul Nath Jindal, an IIT Hyderabad alumnus, has been instrumental in setting up Next Bharat Ventures. With over five years of experience at Suzuki Japan and a proven track record of leading greenfield projects such as the Suzuki Innovation Centre, he is well-qualified to lead this ambitious new venture.
Suzuki Innovation Center was established in collaboration with Indian Institute of Technology Hyderabad and will now be integrated with Next Bharat Ventures to continue its open innovation efforts.
