Amazon announced a $ 250 million fund for SMEs

E-commerce giant Amazon on Thursday announced a $ 250 million (approx crore 1,873 crore) fund to focus on digitizing small and medium businesses and promoting innovation in the fields of agri-tech and healthcare. Will focus.

“Small and medium-sized businesses are often lifesaving engines and economies and I think the same is true in India. And we enable innovation and acceleration of the SMB in promoting the economy in India and building in such a way About what we did last year, I am excited to announce a new $ 250 million Amazon Smarts Venture Fund, said Andrew Webbs CEO, Amazon Web Services CEO Andrew JCS.

Under this, Amazon intends to help inspire more SMBs to be able to build brand new businesses, with Mr. Jessie, who will take over as CEO of Amazon Inc. later this year, marking the second Amazon event. Called during the event.

Amazon India Global SVP and Country Head India Amit Aggarwal said that the fund is targeted to empower the best ideas and attract visionary entrepreneurs.

“The fund is going to focus on three key priorities – SME digitization, agri-tech innovation to empower agricultural productivity and access, and health-tech to provide universal and quality health care,” he said. said.