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Amazon India creates $250 million venture fund for small, medium businesses

Amazon India creates $250 million venture fund for small, medium businesses

Amazon India has announced that it is setting up a $250 million venture fund that will focus on digitizing small and medium businesses in India. A part of the fund will also be used for R&D in agriculture and healthcare technologies in the country. It also reiterated its long-term commitment towards the Indian government’s ’self-reliant India’ initiative called ’Aatmanirbhar Bharat.’

Simone
Simone
LongEye
LongEye 0 months

Notice how Amazon was a key player in destroying many small and mid size business world wide, but then puts a micro fraction of their earnings from destroying these businesses, into helping certain ones in an economy they are trying to get a foothold in. “Digitizing” is a nice way of saying “reliance on cloud services”.

Papa Joe
Papa Joe 0 months

I hope I don't start recieving more calls from spoofed phone numbers trying to steal my information.

Neves7561
Neves7561 0 months

Watch as most of it goes to criminals and scammers

Stablum
Stablum 0 months

So now private companies starts to act like a government. That scares me A LOT

LAInde Thinker
LAInde Thinker 0 months

Yeah, so destroy small and medium businesses in the US and fund India...

scientist
scientist 4 weeks

Remind me, what is the main country of origin for Amazon?

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