Amid Protests, Amazon India Launches $250 Mn Asmbhav Venture Fund For Startups
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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.