Bertelsmann India Investments invests directly from Bertelsmann's balance sheet rather than through a typical time-limited fund, and it now runs two tracks: BII takes minority stakes in early-growth companies, while the newer Bertelsmann Next India takes majority stakes in founder-led companies to build them out over the long term, as seen in its acquisition of LetsTransport. The firm looks for founders aiming for strong venture-style growth rather than those who have already slowed down to turn a profit early, and it focuses on large but complicated markets like rural distribution, logistics, and education, expecting to stay involved with the companies it backs for 10 to 15 years.