The e-commerce giant Amazon has launched a $250 million (Rs 1,873 crore) venture fund called “Amazon Smbhav Venture Fund”, to invest in Indian startups and entrepreneurs, with a focus on digitizing SMEs. The launch of the Amazon Smbhav Venture Fund aims to attract the best ideas and empower entrepreneurs in the country to partner in this vision.
Buy Prime Test Series for all Banking, SSC, Insurance & other exams
The Amazon Smbhav Venture Fund will focus on three key priorities:
As a part of its first investment through the ‘Smbhav’ fund, Amazon invested in Gurugram-based M1xchange which connects SMEs with banks and financiers.
Important takeaways for all competitive exams:
Weekly Current Affairs One-Liners Current Affairs 2025 plays a very important role in the competitive…
Coffee is one of the most loved drinks in the world. People enjoy it in…
India is a land of rich natural beauty, with many different types of forests. Among…
Patna is a well-known city in India with a long and rich history. It is…
The Madhya Pradesh government has launched a new initiative offering monthly stipends to unemployed youth—₹6,000…
During his UK visit in July 2025, Prime Minister Narendra Modi presented a tree sapling…