Hakuhodo DY commits to Next Bharat Venture Fund-2
The Japanese holding company is backing an Indian impact fund focused on rural supply chains, financial inclusion and healthcare.
The investment
Hakuhodo DY Holdings has signed an investment agreement with Next Bharat Venture Fund-2, an Indian impact investment vehicle managed by Next Bharat Ventures IFSC Private Limited. The amount of its commitment was not disclosed.
The fund backs entrepreneurs addressing everyday needs and income opportunities in India’s smaller cities and rural communities. Its themes include agriculture, rural supply chains, financial inclusion and healthcare. The manager is a wholly owned Indian subsidiary of Suzuki.
Hakuhodo DY sees the commitment as a way to develop its incubation business in India and build knowledge of local consumers. Alongside startup support, it aims to create opportunities for collaboration between Japanese businesses and the Indian market.