Next Bharat Ventures Launches ₹2,000 Cr Second Impact Fund

Japan-based Suzuki Motor’s Next Bharat Ventures has launched its second impact investment fund with a corpus of ₹2,000 Cr for Indian startups. The fund will focus on early and growth stage startups and will have an average ticket size of $500K to $1 Mn (about ₹4.8 Cr to ₹9.6 Cr), significantly higher than the ₹1 Cr to ₹5 Cr it disbursed from the first fund. The new fund is expected to start making investments in the next month, with a target to make 10-12 deals per year over the next four years.