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Next Bharat Ventures signed Memorandums of Understanding (MoUs) with venture capital funds 3one4 Capital and Antler India, which invest in early-stage startups both in India and internationally.

The company, which is a subsidiary of Suzuki Motor Corp Japan, will work closely with 3one4 Capital and Antler India to provide strategic guidance, funding opportunities, and extensive networks to early-stage startups in both the mainstream business and social arenas through a cohort-based approach, the company said in a statement.

“Forging strategic associations with Antler India and 3one4 Capital is a conscious move towards nurturing and empowering the early-stage startup ecosystem. We look forward to a successful collaboration that will pave the way for a new generation of socially conscious entrepreneurs in India,” said Vipul Nath Jindal, Managing Director and CEO, Next Bharat Ventures.

The company, through its flagship initiative—the “Next Bharat Residency” programme, looks to create an end-to-end support ecosystem for impact entrepreneurs. The application process is extended to August 12, 2024 and is scheduled to commence on October 14, 2024.

“We have a tailored approach to nurturing startups through our high selectivity and Antler Residency Platform. We hope the global expertise of Antler in cohort-based investments and Next Bharat’s vision to create social impact in Tier II and III India can together help scale solutions that will make a significant difference in India’s current entrepreneurship landscape,” said Rajiv Srivatsa, Partner and Investor, Antler India.

The MoU was signed by Jindal, along with Siddarth Pai, Founding Partner at 3one4 Capital, and Lakshmikant PB, Director-Finance, Antler India.

“By combining our strategic expertise in early-stage investments with Next Bharat’s focus on socially impactful enterprises, we aim to provide comprehensive support to further the mission of entrepreneurship and value creation in India,” said Siddarth Pai, Founding Partner, 3one4 Capital.