PE-VC Fund Investments
B2B agri-tech supply chain platform Ninjacart raises $6-M from existing investors
Bengaluru-based B2B (business-to-business) agri-tech supply chain platform Ninjacart has raised USD 6 million in a multi-tranche funding round led by existing investors Accel India, Nandan Nilekani and Tiger Global. More existing investors are expected to join the round.Founded in 2013, the company operates a multichannel platform serving customers across quick commerce, modern trade, traditional retail, export-import, and the HoReCa segment. Ninjacart claims EBITDA profitability and is preparing for a public listing over the next two years.The firm currently maintains a footprint in over 40 cities and manages a portfolio of more than 150 products, ranging from onions, potatoes, and tomatoes to blueberries, avocados, and apples.
Between Aug 2015 and Dec 2021, Ninjacart had attracted about $ 355 M from Accel India, Qualcomm Ventures,M&S Partners, Nandan Nilekani, Trifecta Capital, Accel USA, Joe Hirao, Mistletoe, Neoplux, Syngenta Ventures, Tanglin Venture Partners, Flipkart, Steadview Capital, Tanglin Venture Partners, Tiger Global, STIC Ventures, Others.For FY25, Ninjacart had reported about INR 1590 Cr in Operating Income and about INR 240 Cr in Net Loss.
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