Amazon India invests $120M in local startups, aiming to quadruple e-commerce exports to $80B by 2030.

Amazon India plans to invest $120 million in local startups focusing on manufacturing and AI, boosting its Smbhav Venture Fund to $250 million. The company aims to enable $80 billion in e-commerce exports from India by 2030, a fourfold increase from its previous goal. Amazon India has already digitized 12 million small businesses and created nearly 1.4 million jobs, surpassing its targets ahead of schedule.

3 months ago
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