Private Equity

PE Fund Investments

Flipkart in talks to lead $100-M round in fresh produce supply chain co Ninjacart

Economic Times  

Flipkart is in talks to lead a new funding round of about USD 100 million in Bengaluru-based fresh produce supply chain startup Ninjacart. Ninjacart's valuation is likely to jump to around USD 750-800 million post the financing round from the earlier level of USD 500 million. Last year, Walmart and Flipkart had together invested around USD 30 million after having first backed the startup in 2019. Ninjacart counts Tiger Global, Accel Partners as well as Nandan Nilekani and family among its investors.