New Delhi: Suzuki Motor Corporation has unveiled its inaugural investment initiative in India, launching the 'Next Bharat Ventures,' a Rs 340 crore fund aimed at nurturing social impact startups. The fund focuses on empowering entrepreneurs who create value in Tier-II and below geographies.
Supporting Social Impact Startups Next Bharat Ventures targets sectors such as agriculture, financial inclusion, rural supply chains, and rural mobility. It includes a comprehensive residency program designed to foster growth-stage impact firms and support early-stage impact entrepreneurs.
"Through our flagship residency program, Next Bharat will provide mentorship, resources, and networking opportunities to selected impact entrepreneurs. This initiative aims to facilitate organic scaling of their ventures," stated Vipul Nath Jindal, CEO and MD of Next Bharat Ventures.
Investment and Residency Program During the 4-month hybrid residency, participants will benefit from intensive mentorship and gain access to industry experts and peers. The program culminates in equity investments ranging from Rs 1 crore to Rs 5 crore for selected startups.
"We are committed to nurturing Impact entrepreneurs driven by Cause, Contribution, and Community, particularly from Tier-II and 3 cities. Our goal is to foster economic development and innovation that addresses local challenges," added Jindal.
Empowering 'India's Next Billion' Next Bharat Ventures aims to empower the underserved regions of India, driving economic growth and cultivating a culture of innovation tailored to their unique needs. The initiative aligns with Suzuki Motor's broader commitment to sustainable development and social impact.
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