Japan's Suzuki Motor Corporation-backed Next Bharat Ventures IFSC Pvt Ltd has announced the launch of its second fund of Rs 2,000 crore, aimed to support startups across sectors, including agriculture, financial inclusion, healthcare, and AI for social good in India.
Earlier, through its first Rs 340 crore fund, Next Bharat Ventures invested in over 20 impact organisations.
The second fund will mostly come from Suzuki Motor Corporation as the anchor LP but there will be other money which will also be raised from other corporations from Japan, Next Bharat Ventures Founder and CEO Vipul Jindal Nath told PTI.
Asked what in areas the fund will be deployed, he said, "The sectors which we invest in are basically any sector where a startup can help (improve) the quality of life for the local communities of rural India, Tier II to III towns, or even in big cities (those of) informal and gig economy workers."
It automatically becomes like agriculture, agritech, healthcare, healthtech and livelihood, Nath added.
