Amazon launches $250-million Venture Fund for Digitizing SMEs in India
- The e-commerce giant Amazon has launched a $250 million (Rs 1,873 crore) venture fund called “Amazon Smbhav Venture Fund”, to invest in Indian startups and entrepreneurs, with focus on digitizing SMEs.
- The Amazon Smbhav Venture Fund will focus on three key priorities:
- Digitisation of small and medium businesses (SME) in India
- Drive innovation in Agri-tech innovations to empower farmer productivity and reach
- Drive innovation in Health-tech to provide universal and quality health care