Amazon launches $250 mn fund to support Indian startups
New Delhi, April 16 -- E-commerce major Amazon on Thursday announced a $250 million fund - Amazon Smbhav Venture Fund - to invest in startups and entrepreneurs focusing on technology innovations in SMB digitisation, agriculture and healthcare.
The fund was announced in the opening session of Amazon India's flagship event Smbhav. A company said that the venture fund will invest in technology-led startups that are passionate about unlocking possibilities of a digital India.
The fund will specifically focus on encouraging the best ideas to digitise SMBs (small & medium businesses), and drive technology-led innovation in agriculture to improve farmer productivity.
Additionally, Amazon announced plans to digitally empower and bring 1 millio...
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