Amazon India announced that it has cumulatively created more than 11.6 lakh (1.16 million) direct and indirect jobs, enabled nearly $5 billion in cumulative exports and digitized over 40 lakh (4 million) MSMEs in India till date. In January 2020, at the first edition of its annual event Amazon Smbhav, the company had pledged to digitize 1 crore (10 million) MSMEs, enable $10 billion in cumulative exports and create 20 lakh (2 million) jobs in India by 2025. Amazon is well on track to fulfill these pledges, while in fact doubling its export pledge from India, to now enable $20 billion in cumulative exports from India by 2025.
Last year at Amazon Smbhav 2021, Amazon had announced the $250 MM Amazon Smbhav Venture Fund to invest in startups and entrepreneurs who are focused on technology innovations. The fund is focused on supporting entrepreneurs and startups that are doing innovative work in the area of SMB digitization. As part of the fund, Amazon has already invested in ‘MyGlamm’, ‘M1xchange’ and ‘Small Case’. Amazon remains committed to leveraging its people & tech resources to invest into focus areas for the Fund, including multiple new and emerging areas that are seeing high degree of innovation & entrepreneurial energy.
Manish Tiwary, Country Manager, India Consumer Business Amazon India said, “We have cumulatively created over 11.6 lakh jobs, enabled nearly $5 billion in exports and digitized over 40 lakh MSMEs in India. As we continue to work with MSMEs across the country, we remain committed to bringing new tools, technology and innovation that will unleash the entrepreneurial spirit of Indian businesses, boost exports from the country and help create jobs at scale.”