News > Amazon India Launches $250 Mn Smbhav Venture Fund For Startups

Amazon India Launches $250 Mn Smbhav Venture Fund For Startups

15/04/2021 11:25 PM | Click to read full article

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 company also announced a ‘Local Shops on Amazon’ programme, under which it pledged to bring 1 Mn offline retailers to the Amazon India marketplace by 2025.