Next47 needs to get more B2B investors in India: CEO Lak Ananth

Next47 needs to get more B2B investors in India: CEO Lak Ananth

Siemen’s venture capital arm next47’s chief executive officer Lak Ananth says a lion’s share of funding over the past three years gone to B2C start-ups. Photo: S. Kumar/Mint

 In 2016, global engineering giant Siemens AG set up a new venture capital (VC) arm— next47—with the aim to foster disruptive ideas and accelerate the development of new technologies. Siemens has committed €1 billion (around Rs7,530 crore) over the next five years for this purpose.

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