Amazon to fund digitisation of small companies in India

New Delhi, April 15

E-commerce giant Amazon on Thursday announced a $250 million (about Rs 1,873 crore) fund that will focus on digitising small and medium businesses (SMBs), and driving innovation in the areas of agri-tech and health-tech in India.

“Small and medium-sized businesses are often the engine and the lifeblood of economies and I think it’s true in India as well. And we are very passionate about trying to enable acceleration of SMBs in fuelling innovation and the economy in India,” Amazon Web Services CEO Andrew Jassy said. — PTI

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