Current Affairs - National - Discussion

Discussion Forum : National - Latest Current Affairs (Q.No. 3239)

2021-04-17 National

3239.

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?

USD 200 million

USD 150 million

USD 250 million

USD 100 million

Answer: Option

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.