Next Bharat Ventures has entered into Memorandums of Understanding (MoUs) with venture capital funds 3one4 Capital and Antler India, which invest in early-stage startups in India and internationally.
The company, a subsidiary of Suzuki Motor Corp Japan, will collaborate closely with 3one4 Capital and Antler India to offer strategic guidance, funding opportunities, and extensive networks to early-stage startups in both mainstream business and social sectors through a cohort-based approach.
Forging strategic associations with Antler India and 3one4 Capital is a deliberate effort to nurture and empower the early-stage startup ecosystem, with the expectation of a successful collaboration paving the way for a new generation of socially conscious entrepreneurs in India, as stated by Vipul Nath Jindal, Managing Director and CEO of Next Bharat Ventures.
The company, through its flagship initiative—the Next Bharat Residency program, aims to create an end-to-end support ecosystem for impact entrepreneurs. The application process is open until August 12, 2024, with the program scheduled to commence on October 14, 2024.
The approach to nurturing startups through high selectivity and the Antler Residency Platform is tailored, combining global expertise in cohort-based investments with the vision to create social impact in Tier II and III India, aiming to scale solutions that will make a significant difference in India’s entrepreneurship landscape, according to Rajiv Srivatsa, Partner and Investor at Antler India.
The MoU was signed by Jindal, along with Siddarth Pai, Founding Partner at 3one4 Capital, and Lakshmikant PB, Director-Finance at Antler India.
Combining strategic expertise in early-stage investments with Next Bharat’s focus on socially impactful enterprises aims to provide comprehensive support to further the mission of entrepreneurship and value creation in India, as expressed by Siddarth Pai, Founding Partner at 3one4 Capital.
