Amazon intends to launch a $250 million fund in India


Amazon intends to launch a $250 million fund in India

On April 19, it was reported that Amazon announced last week that it would launch a $250 million fund Amazon Smbhav Venture Fund in India.

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On April 19, it was reported that Amazon announced last week that it would launch a $250 million fund Amazon Smbhav Venture Fund in India. It is reported that the fund will mainly focus on the digitization of Indian SMEs and the innovation of agricultural technology and medical technology. At the same time, Amazon also announced that it will access 1 million offline retail stores on its Indian website by 2025.

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In addition, in the past 12 months, companies successfully acquired on Amazon have raised more than $3.5 billion in funding. Of this, US$2.5 billion was raised in the first four months of 2021.

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