Amazon India launches $250 million fund

E-commerce giant Amazon India has launched a $250 million (Rs 1,873 crore) fund to help start-ups, entrepreneurs with digitization process and technological innovations. As per Fashion Network, the Venture Fund will invest in technology-led start-ups

At the Amazon Smbhav Summit 2021, Amit Agarwal, Global Senior VP and Country Head, Amazon India said, the launch of Amazon Smbhav Venture Fund aims to attract best ideas and empower entrepreneurs in the country to partner in this vision. Additionally, its initiatives to on-board 1MM offline shops on Amazon India and digitally empower the North East region will accelerate the progress towards a digital and self-reliant India, he added.

Amazon Smbhav Summit 2021 four-day virtual event is currently underway and concludes on April 18.