Amazon sets up $250 million fund for small, medium businesses in India

E-commerce biggie Amazon has announced a $250 million (about Rs 1,873 crore) fund that will focus on digitising small and medium businesses, and driving innovation in the areas of agri-tech and health-tech in India.

The fund was announced in the opening session of Amazon India’s flagship event Smbhav, where Andy Jassy, AWS CEO and incoming CEO of Amazon, and Amit Agarwal, Global Senior VP and Country Head, Amazon India also reiterated the company’s long-term commitment towards an Aatmanirbhar Bharat.

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