|
|
|
Amazon launches $250 mn fund to support Indian startups
|
|
|
|
Top Stories |
|
|
|
|
SME Times News Bureau | 15 Apr, 2021
E-commerce major Amazon on Thursday announced a $250
million fund -- Amazon Smbhav Venture Fund -- to invest in startups and
entrepreneurs focusing on technology innovations in SMB digitisation,
agriculture and healthcare.
The fund was announced in the opening
session of Amazon India's flagship event Smbhav. A company said that
the venture fund will invest in technology-led startups that are
passionate about unlocking possibilities of a digital India.
The
fund will specifically focus on encouraging the best ideas to digitise
SMBs (small & medium businesses), and drive technology-led
innovation in agriculture to improve farmer productivity.
Additionally,
Amazon announced plans to digitally empower and bring 1 million offline
retailers and neighbourhood stores online, on the Amazon India
marketplace, by 2025 through the 'Local Shops on Amazon' programme.
At
the same event, Amazon also launched the 'Spotlight North East'
initiative to bring 50,000 artisans, weavers and small businesses online
from the eight states in the north-eastern region of India by 2025 and
to boost exports of key commodities like tea, spices and honey from the
region.
In his address at Smbhav 2021, Amit Agarwal, Global
Senior VP and Country Head, Amazon India said: "In 2020, we pledged to
digitise 10 million SMBs, enable $10 billion in exports, and create 1
million jobs by 2025. Through our initiatives, we are committed to be a
catalyst and a partner in unlocking the possibilities for a Digital
India, and realise the vision of an Aatmanirbhar Bharat as put forth by
the PM."
"The launch of Amazon Smbhav Venture Fund aims to
attract best ideas and empower entrepreneurs in the country to partner
in this vision. Additionally, our initiatives to on-board 1 million
offline shops on Amazon.in and digitally empower the northeast region
will accelerate the progress towards a digital and self-reliant India,"
he said.
|
|
|
|
|
|
|
|
|
|
|
|
|
Customs Exchange Rates |
Currency |
Import |
Export |
US Dollar
|
66.20
|
64.50 |
UK Pound
|
87.50
|
84.65 |
Euro
|
78.25
|
75.65 |
Japanese
Yen |
58.85 |
56.85 |
As on 13 Aug, 2022 |
|
|
Daily Poll |
|
|
PM Modi's recent US visit to redefine India-US bilateral relations |
|
|
|
|
|
Commented Stories |
|
|
|
|
|
|
|
|