4 days ago

Next Bharat Ventures Links Social Impact With Financial Performance

Next Bharat Ventures Links Social Impact With Financial Performance
Next Bharat Ventures Releases Impact Report Linking Social Impact with Financial Performance · deccanchronicle.com

Next Bharat Ventures is a fund that invests in businesses helping people in rural and informal parts of India.

Its new report says 21 companies have reached about 2 million people.

These businesses work in areas such as farming, healthcare, mobility, education, and livelihoods.

The fund says many companies are also growing their revenues.

About 80% of the startups are moving toward profitability.

Some businesses have helped farmers, street vendors, artisans, gig workers, and people with disabilities earn more or access services.

The fund has invested INR 20.76 crore so far.

It plans to use its next fund to support more healthcare and AI solutions.

The fund says helping people and making money can happen together when businesses solve important everyday problems.

Key facts

People reached
20 lakh people through 21 portfolio companies.
Seed funding committed
INR 20.76 crore.
Informal-economy portfolio
Five startups impacted 14,70,610 lives and reported 60.05% revenue growth.
Rural-economy portfolio
Sixteen startups impacted 4,98,797 lives and reported 186.13% revenue growth.
Profitability
Approximately 80% of startups are on the path to profitability.
Income growth
Reported year-on-year income growth was 75% for farmers and tribal farmers, 93% for artisans, and 25% for street vendors.
Fund II focus
Healthcare and artificial-intelligence companies creating livelihoods and services for India’s next billion people.

Quotes

Vipul Nath Jindal

Founder and CEO of Next Bharat Ventures

“India’s next phase of growth will depend on how effectively we unlock the economic potential of the country’s next billion people.”
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“Impacting 2 million lives is an important milestone for us, but our ambition is to scale that impact exponentially from here.”
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Fujitani Masao

Executive General Manager, New Business, Suzuki Motor Corp

“Our support continues for Next Bharat Ventures with the launch of Fund II.”
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Sources

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