Ninjacart Launches $25M Seed Fund To Back Agritech Ecosystem
Ninjacart, an Indian agritech platform, has launched an agri seed fund worth $25 million to support emerging and new-age agritech startups.
Through this agri seed fund, which is expected to catalyse the emergence of innovative solutions in the global agricultural sector, Ninjacart will make seed investments in startups, entrepreneurs, and tech innovators presenting unique and sustainable solutions.
As per the startup, the investments from the funds will boost new ideas and business models aimed at addressing high-priority issues in the agriculture ecosystem across the globe. The amount from the fund will also be utilised to back teams that have great tech abilities but lack a solution or an idea.
Ninjacart | Fresh Produce Supply Chain Platform
Started by Thirukumaran Nagarajan, Sharath Loganathan, Kartheeswaran K K, Sachin Jose, Vasudevan Chinnathambi, and Ashutosh Vikram, Ninjacart connects farmers with retailers, restaurants, and service providers using in-house applications that drive end to end operations.
The startup has operations in seven cities, including Bengaluru, Hyderabad, Delhi Chennai, Pune, and Mumbai.
Speaking on the development, Thirukumaran Nagarajan, Co-founder and CEO of Ninjacart, said,
“As a company, it has always been our ambition to strengthen the global agricultural ecosystem, and we are eager to empower tomorrow’s leaders. By assisting the next generation of entrepreneurs and small businesses, it is our endeavour to grow together, building a future that is sustainable and built on a strong foundation of productive collaboration.”
As part of the seed fund, startups will be introduced to VCs, angel investors, and incubators. With a simple operating procedure, the fund will allow early-stage entrepreneurs to turn their concepts into concrete action on the ground.
Through this fund, Ninjacart aims to boost tech innovation in the sector. Additionally, the agritech startup also expressed its aim to invest in state-of-the-art technology in its own operations.
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