Amazon’s Future CEO Jassy to Accelerate India Push Amid Protests
- CEO-designate announces venture fund to help India partners
- Plans to add 1 million India offline shops to platform by 2025
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Amazon.com Inc.‘s Andy Jassy, who’s taking over as chief executive officer this summer, is doubling down on India even as challenges mount in what is arguably the e-commerce giant’s most important growth market.
In one of the first appearances since his appointment, Jassy told partners and customers in India the U.S. company will focus on ensuring the country’s small and medium businesses will thrive when working with its platform. He announced a $250 million venture fund to invest in startups working on innovations for such businesses, as well as agriculture and health care solutions.