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Amazon Expands Smbhav Fund, Commits $120 Million to Support Indian Start-ups

OutlookIndia · 2m

Amazon has announced the expansion of its Smbhav Fund, committing an additional $120 million to support Indian start-ups. The fund, which was originally launched in 2021 with a corpus of $250 million, aims to back small businesses in sectors like agritech, digital transformation, and domestic manufacturing. The expansion will help elevate local businesses in areas such as production capabilities and national brand development. Additionally, Amazon has unveiled two logistics solutions, Amazon Shipping and Amazon Freight, to provide reliable and efficient shipping options for Indian businesses. These initiatives position Amazon as a catalyst in India's startup ecosystem.