Rs 340 Crore Is The Amount Suzuki Launches For Next Bharat Ventures Fund for Indian Startups

Japanese multinational automotive and motorcycle company Suzuki announced an elaborate long-term initiative to support the burgeoning Indian startup ecosystem by forming Next Bharat Ventures

The investment is part of Suzuki’s strategy for building innovation capabilities and social impacts in constantly growing Indian markets.

Next Bharat Ventures will be a sub-entity of Suzuki, wherein the auto conglomerate will be its sole limited partner for the first fund.

This new vehicle underscores Suzuki’s commitment to nurturing startups that can drive significant social impact.

This fund has been envisioned to make as many as 20 investments annually over the next three to four years, that, at a discrete level, can stand at anywhere between Rs 1 crore and Rs 8 crore.

Next Bharat Ventures is launching operations with a residency program that works much like known accelerators Antler and Y Combinator.