MICROCAPITAL BRIEF: Amazon Opening “Digital Kendra” Storefronts to Support MSME Growth, Digitization in India

US-based retailer and technology company Amazon recently launched its first Digital Kendra customer service location to assist micro-, small and medium-sized enterprises (MSMEs) in India in making more digital sales. The firm plans to open more Digital Kendras to deliver assistance with

MICROCAPITAL BRIEF: Amazon Leads $10m Equity Funding Round for M1xchange, Provider of Invoice Discounting for MSMEs in India

M1xchange, an India-based online exchange for receivables held by micro-, small and medium-sized enterprises (MSMEs), recently raised USD 10 million in a funding round led by US-based retailer and technology company Amazon, with participation from venture capital firms Beenext of Singapore and current US-based investor Mayfield. M1xchange’s other investor is SIDBI Venture Capital, an

MICROCAPITAL BRIEF: Amazon Launches Digital Insurance, Gold Investing in India

Amazon, a US-based retailer and technology company, recently broadened the services it offers in India to include auto insurance sold via the Amazon Pay digital wallet and gold investment products sold through SafeGold, a service of Digital Gold India that allows its users to buy and sell gold online. Amazon launched Amazon Pay in India in 2016