Amazon launches $250 mn venture fund for Indian startups, entrepreneurs

The fund will specifically focus on encouraging the best ideas to digitise SMBs

E-commerce giant Amazon India has launched $250 million Amazon Smbhav Venture Fund (the venture fund) to invest in startups and entrepreneurs focusing on technology innovations in SMB (small and medium business) digitization, agriculture and healthcare. The venture fund will invest in technology-led startups that are passionate about unlocking the possibilities of a digital India.

The fund will specifically focus on encouraging the best ideas to digitize SMBs (small and medium businesses). It would drive technology-led innovation in agriculture to improve farmer productivity and enable them to bring the best of India’s farms to consumers. It would also enable universal and