Next Bharat Ventures Portfolio Reaches 2 Million Lives

Bengaluru, India, 30th August 2026: Next Bharat Ventures (NBV), a new-age impact first fund backed by capital from Japan, today unveiled its Impact Report 2026, highlighting how businesses serving India's Next Billion across the rural and informal economy can create measurable social impact while building commercially viable and scalable enterprises.

The report records 20 lakh people reached through 21 portfolio companies, with startups from South India impacting over 3 lakh lives, alongside strong commercial momentum across key sectors since Next Bharat’s investment.NBV has committed INR 20.76 crore in seed funding with the goal of building a Y Combinator inspired ecosystem for impact-driven entrepreneurship in India.

This includes INR 9 crore investment for Blackfrog Technologies, whose Emvólio is India’s first patented, WHO-PQS prequalified active-cooled vaccine carrier designed for last-mile delivery in remote and infrastructure-constrained regions. The solution has reached 251,512 beneficiaries in India to date, and also has a global presence in Africa.Furthermore, they have invested in 4 businesses from their third cohort.

Vipul Nath Jindal, Founder and CEO of Next Bharat Ventures, commented, “Impacting 2 million lives is an important milestone for us, but our ambition is to scale that impact exponentially from here. With Fund II, we want to back businesses that can improve the livelihoods of India’s Next Billion and address some of the most persistent gaps in access. We have been deliberate in choosing LPs who deeply resonate with our mission and take a long-term view of capital. This is why Japan has been an important market for us, with Suzuki continuing to anchor our fund alongside several other Japanese institutions. Going forward, we will focus on entrepreneurs solving last-mile gaps in healthcare and harnessing technologies such as AI for social good.”

At the launch of the Impact Report 2026, Amitabh Kant, Former CEO of NITI Aayog, said, “India’s next phase of growth will depend on how effectively we unlock the economic potential of the country’s next billion people. Next Bharat Ventures is playing an important role in this journey by moving beyond our metropolitan centres and backing entrepreneurs across India 2 and India 3 to build enduring businesses. By helping these enterprises scale, Next Bharat Ventures can contribute to making India’s growth more inclusive and deeply rooted across the country.”