Next Bharat Ventures Launches Second Fund of Rs 2,000 Crore

Next Bharat Ventures (NBV) has initiated its second fund, boasting a considerable corpus of Rs 2,000 crore. This fund will receive backing from Suzuki Motor Corporation and will primarily target startups operating in sectors such as agriculture, rural supply chains, financial inclusion, healthcare, rural mobility, and AI for social good.

Expansion of Support for Startups

This new fund builds upon NBV’s first fund of Rs 340 crore, through which the firm has invested in over 20 startups and has supported more than 50 impact-driven ventures with funding, mentorship, and ecosystem initiatives. Established in 2024, Next Bharat Ventures centres its focus on entrepreneurs who are developing solutions that tackle challenges in rural India and among underserved communities.

Enhancing Livelihoods and Opportunities

The firm expressed that the second fund aims to amplify support for startups working on enhancing livelihoods, improving access to services, and fostering economic opportunities across the nation. According to Vipul Jindal Nath, the founder and CEO, more than 90% of the companies in the firm’s portfolio are showing a trajectory towards profitability in their initial years. He also emphasised that the fund’s objective is to back entrepreneurs who are generating both business value and social impact.

Comprehensive Support for Founders

In addition to capital, NBV extends mentorship, market access, and networking opportunities through its residency programme and founder community initiatives. The firm’s investment portfolio features innovative startups such as MeMeraki, E-Bik, SGB Agro, and Atypical Advantage. With the new fund, Next Bharat Ventures is poised to significantly increase its investments in startups that are crafting solutions for the rural and informal economies throughout India.