Venture Capital: Amazon Launches $250M SMB And Tech-Focused Venture Fund In India

April 16, 2021 | News, Venture Capital

Technology innovations in SMB (small and medium business) digitization, agriculture, and healthcare would be a priority.

Amazon (NASDAQ: AMZN) India has launched the Amazon Smbhav Venture Fund, a $250 million fund that will drive technology innovation by small and medium businesses (SMB) in digitization, agriculture, and healthcare. (Business Standard)

The fund is looking for SMB entrepreneurs intent upon the opportunities in a rapidly digitizing India, agricultural productivity, and universal and quality healthcare access for all.

Empowering India’s SMBs

“Building on what we did last year, I am excited to announce a brand new $250 million Amazon Smbhav Venture Fund, where we’re going to help inspire more SMBs, to be able to build brand new businesses,” said Amazon Web Services (AWS) chief Andy Jassy at Amazon India’s flagship event Smbhav which was hosted virtually.

Jassy is due to replace billionaire founder Jeff Bezos as’s next chief executive officer.

“The small and medium-sized businesses are the engine and the lifeblood of economies and it’s true in India as well,” he added. “We are very passionate about trying to enable acceleration of small and medium-sized businesses in fueling innovation and the economy in India.”

Investing focus on startups that will support SMBs

  • For digitization of their demand access, efficient operations, and supply chain efficiency
  • Making agri-inputs more accessible to farmers and providing tailored agronomy solutions to farmers to improve productivity
  • Distributing credit and insurance to farmers
  • Reducing food waste by building efficient farm to fork supply chains
  • Technology for doctor assistance, telemedicine, and e-diagnosis
  • AI-powered treatment recommendations or digitizing operations of healthcare providers


In parallel with the announcement of the venture fund, Amazon also revealed the fund’s investment in M1xchange, India’s first online exchange for receivables.

M1xchange is a startup focusing on invoice discounting marketplace exchange for MSMEs (Micro Small and Medium Enterprises) established under the TReDS license (Trade Receivables Discounting System license).

Amazon led a $10 million financing round in the startup. Existing investors Beenext and Mayfield also participated.

Related Story:  India’s ShareChat Scores $502M Raise From Top Investors

Free Industry News

Subscribe to our free newsletter for updates and news about alternatives investments.

  • This field is for validation purposes and should be left unchanged.


Latest Alternative Investment News
Venture Capital: Making VC More Inclusive – Google To Invest $40M In Black-Led Startups

Jeremiah Gordon is General Counsel at CapitalG, Alphabet’s (NASDAQ: GOOGL) independent growth fund which has $3 billion under management. He also leads an Alphabet-wide team focused on investing in Black-led…
Digital Assets: Colonial Pipeline Caved; Paid $5M Ransom To Hackers
May 14, 2021     Digital Assets, News

Though initial reports said that Colonial Pipeline would not pay a ransom to the hackers that brought the nation’s largest fuel pipeline to a halt, Bloomberg reported Thursday that the…
Artificial Intelligence: A Molecule For Alzheimer’s Created By Exscientia’s AI Enters Clinical Trials

Oxford, UK-based Exscientia uses AI to design and create drug candidate molecules satisfying complex therapeutic requirements with revolutionary efficiency. Joint research by Exscientia with Sumitomo Dainippon Pharma Co., Ltd. (TYO:…
Venture Capital: Vinted, The Marketplace For Previously Owned Clothing, Raises $303M
May 13, 2021     News, Venture Capital

Vinted, a European startup that runs a marketplace for used clothing and home goods, announced its raise of $303 million at a valuation of $4.5 billion, post-money. That valuation is…