Amazon Smbhav Venture Fund will back Indian companies developing digitalisation technology for small and medium-sized businesses.

US-headquartered e-commerce and cloud computing group Amazon has launched a $250m fund that will invest in India-based companies, the Economic Times reported yesterday. Amazon Smbhav Venture Fund will target developers of technology that can help small and medium-sized businesses (SMBs) in industries such as agriculture or healthcare digitalise their technology and launch and manager online…

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