Amazon’s $ 250 million India-focused venture fund is the big tech company’s next big step in its subcontinent-focused investment program.
The $ 250 million Amazon Smbhav Venture Fund will invest in startups and entrepreneurs in the agriculture, healthcare, and digitization of small and medium-sized businesses (SMBs), Business Standard reported. The fund plans to invest in “technology-oriented startups”.
The goal in the agricultural sector would be to improve farmers’ productivity and help them deliver the best agricultural products in the country to consumers. In health care, the goal is to use technology to provide universal, high-quality access to health care, the report said.
“Small and medium-sized businesses are the engine and the lifeblood of economies,” said Andy Jassy, head of Amazon Web Services (AWS). At one level, the plan is to “inspire more SMEs … to build brand new businesses,” said …