Which company has launched a $250 million venture fund for India— Smbhav Venture Fund?
The company that had launched a $250 million venture fund for India— Smbhav Venture Fund is Amazon.
Amazon launches $250 million ‘Amazon Smbhav Venture Fund’ to support Indian startups, entrepreneurs. The fund will specifically focus on encouraging the best ideas to digitise SMBs and drive technology-led innovation in agriculture to improve farmer productivity.
Daily QuizTime Answers
Question 1- Which international organisation recently released the global Review of Death Penalty?
Answer 1 : (A) Amnesty International
Question 2: Rumana Sinha Sehgal won the World Humanitarian Award 2021 named after which famous personality?
Answer 2 – (B) Nelson Mandela
Question 3: Which company has launched a $250 million venture fund for India— Smbhav Venture Fund?
Answer 3 – (D) Amazon
Question 4: The name of this animal derives from the Malay word pengguling, meaning what?
Answer 4 – (C) Something that rolls up
Question 5: According to Greek myths, who stole this from the heavens and brought it to Earth?
Answer 5 – (A) Prometheus
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E-commerce major Amazon on Thursday launched a $250 million ‘Amazon Sambhav Fund’ to invest in startups and entrepreneurs focusing on SMB (Small and Medium Business) digitization, technology innovations in agriculture and healthcare. declare.
Amazon India made this announcement during its flagship event ‘Sambhav’. The fund will invest in technology-led startups that are excited to unlock the potential of Digital India.
The fund will specifically focus on promoting technology-led innovation in agriculture to encourage best ideas for digitizing SMBs and improve farmer productivity.
Additionally, Amazon announced plans to digitally empower Amazon India Marketplace and bring 1 million offline retailers and neighborhood stores online by 2025 through the ‘Local Shops on Amazon’ program.
“Small and medium-sized businesses are the engine and lifeblood of economies and the same is true in India. We are very passionate about enabling the acceleration of small and medium-sized businesses in India fueling innovation and the economy,” said Andy Jesse, Head of Amazon Web Services (AWS), who is also the visiting CEO of Amazon.