Amid Protests, Amazon India Launches $250 Mn Smbhav Venture Fund For Startups
India, April 15 -- Amazon India, during its annual 'Smbhav' event to celebrate the association with small businesses, announced a $250 Mn Amazon Smbhav Venture Fund to invest in startups and entrepreneurs focusing on technology innovations in SMB digitisation, agriculture and healthcare.
The fund will focus on encouraging the best ideas to digitise SMBs (small and medium businesses), drive technology-led innovation in agriculture to improve farmer productivity, and enable universal and quality healthcare access for all using technology.
The company also announced its 'Local Shops on Amazon' program, under which it pledged to bring 1 Mn offline retailers and neighbourhood stores online on the Amazon India marketplace by 2025. Amazon also...
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