Current Affairs - National - Discussion

Discussion :: National - Latest Current Affairs (Q.No.660)

660. 

Amazon has launched a new "Amazon Smbhav Venture Fund" to digitize Indian SMEs as well as drive Agri-tech and Health-tech innovation. What is the total value of this fund?

[A]. USD 200 million
[B]. USD 150 million
[C]. USD 250 million
[D]. USD 100 million

Answer: Option C

Explanation:

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 focus on digitizing SMEs.

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