fbpx
  • Topics
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Enterprise & SaaS
    • Gadgets & Electronics
    • Health & Bio
    • FinTech
    • IoT
    • Transportation & Logistics
    • Marketplaces & E-commerce
    • Ecosystem
    • Robotics
    • Investments
    • EdTech
    • Featured
  • Deals
    • Private Equity
    • Venture Capital
    • IPO & Markets
  • Interviews
    • Startup Investing
    • Fundraising
    • Product Launching
  • MORE
    • Events
    • Startups Advice
  • Submit an Article
  • REGISTER
  • login
No Result
View All Result
No Result
View All Result
Home Featured

Indian fresh produce supply startup Ninjacart raises US$145 million funding from Flipkart and Walmart

AsiaTechDaily Writer by AsiaTechDaily Writer
16 December 2021
in Featured, Marketplaces & E-commerce
0
Ninjacart
12
SHARES
Share on FacebookShare on Twitter
Bookmark (0)

Please login to bookmark

No account yet? Register

Ninjacart, an India-based fresh produce supply startup has raised US$145 million funding from Filpkart and Walmart that will further strengthen the startup’s vision to ensure better access to high-quality fresh produce for more consumers and retailers across India.

This is the third round of investment by Flipkart and Walmart into Ninjacart that has taken the startup’s total funding to US$348 million to date.

Ninjacart with this latest investment is expected to further accelerate its plan to build infrastructure and technology to improve the agri value chain covering the ecosystem of retailers, resellers, farmers, supply chain participants, and consumers.

The Bengaluru-based startup has made major investments in supply chain infrastructure and technology platforms in the last two years.

Kalyan Krishnamurthy, chief executive officer, Flipkart Group, said, “As a homegrown company, we have constantly focused on creating the right infrastructure and technological solutions that support local farmers, producers, and food processors. With this investment, we can further strengthen our grocery footprint and offering as consumers across the country throng to eGrocery for quality and affordable options in the fresh category. Through technology, we can bring great efficiencies in the value chain and impact the farming community additional opportunities for better income. Our investment and partnership in Ninjacart over the years is a testament to the continued commitment and success we have seen in our endeavor to create a democratic and organized agriculture market. At Flipkart, we are well poised and committed to building a sustainable ecosystem for fresh produce and uplift the communities associated with it in the process.”

Ninjacart CEO and co-founder Thirukumaran Nagarajan said, “The funds will be deployed to build world-class teams, scalable tech platforms to organize and grow the network.”

About Ninjacart

Founded in 2015 by Ashutosh Vikram, Sharath Loganathan, Kartheeswaran KK, Thiru Nagarajan, and Vasu Devan, Ninjacart operates an online B2B platform that connects farmers, manufacturers, and brands to retailers directly through the connected and lean supply chain.

To date, Ninjacart has enabled more than 100,000 farmers across 150 villages to generate better revenues.

The startup has also signed an MoU earlier this year with the Union Ministry of Agriculture and Farmer Welfare to promote best practices in the farming sector and strengthen the market linkages.

Tags: farmersfarming sectorfresh producesupply chain
Previous Post

Singapore-based social commerce platform abillion raises US$10 million in Series A funding

Next Post

Banks in Singapore need to protect advantages to remain relevant, study reveals

Related Posts

edit post
Korean startup AITest.AI has established itself as a market leader in training to meet the growing demand for education in AI system testing. Recently, AITest.AI launched an innovative AI-testing training course on Udemy, a global e-learning platform, and has attained the topmost position in this field.
AI & Big Data

AITest.AI Emerges as Global Leader in Artificial Intelligence System Testing Training

March 24, 2023
edit post
PhonePe
Featured

Indian fintech PhonePe raises $200m more from Walmart

March 21, 2023
edit post
Antler
Featured

Antler to invest in over 30 startups in Indonesia this year

March 21, 2023
edit post
WeBudding
Content & Games

Korean startup WeBudding partners exclusively with the most popular free app Goodnotes 5 to provide Korean digital stationery content to users globally

March 17, 2023
edit post
One Impression
Featured

One Impression raises $10m in Series A to expand product offerings

March 15, 2023
edit post
Bababos
Featured

Indonesian startup Bababos closes pre-seed funding led by East Ventures

March 15, 2023
Next Post
edit post
UPI

Banks in Singapore need to protect advantages to remain relevant, study reveals

Discussion about this post

No Result
View All Result

Follow Us

FREE NEWSLETTER




Copyright © 2023 AsiaTechDaily.com| About Us | Seed accelerator| Terms of Use| Privacy Policy| Cookie Policy Contact : [email protected] | DMCA.com Protection Status | trusted by Wimgo

No Result
View All Result
  • Topics
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Enterprise & SaaS
    • Gadgets & Electronics
    • Health & Bio
    • FinTech
    • IoT
    • Transportation & Logistics
    • Ecosystem
    • Marketplaces & E-commerce
    • Robotics
    • Investments
    • Featured
  • Deals
    • Private Equity
    • Venture Capital
    • IPO & Markets
  • Interviews
    • Startup Investing
    • Fundraising
    • Product Launching
  • MORE
    • Events
    • Startups Advice
  • Submit an Article
  • Forums
  • Jobs
  • REGISTER
  • Login

Copyright © 2023 AsiaTechDaily.com| About Us | Seed accelerator| Terms of Use| Privacy Policy| Cookie Policy Contact : [email protected] | DMCA.com Protection Status | trusted by Wimgo

We hope you enjoy our content, May you please give us Feedback regarding our website!

Single Post Feedback