Walmart and Flipkart Group Make Additional Investment In Ninjacart
Walmart and the Flipkart Group have made a fresh round of investment into agritech startup Ninjacart.
This investment is in continuation of Ninjacart’s earlier funding done in December 2019.
As per the startup, it plans to use the capital to expand to new markets and build new offerings and supply chains for emerging customer segments. Ninjacart also plans to continue to innovate on the supply chain to make it more efficient, reliable, and profitable.
Founded in 2015 by Thirukumaran Nagarajan, Vasudevan Chinnathambi, Ashutosh Vikram, Kartheeswaran KK, and Sharath Babu Loganathan, Ninjacart is revolutionizing the fresh produce supply chain.
The startup claims to be India’s largest tech-driven supply chain platform that connects farmers of fresh vegetables and fruits with kiranas and businesses.
Talking about this fresh investment in the startup, Ninjacart CEO & Co-founder Thirukumaran Nagarajan said,
“The fresh set of investments from Walmart and the Flipkart Group takes us one step closer to our vision of making food safe and accessible for the billion people and changing the way food reaches our plate. We are excited to have Walmart and the Flipkart Group show confidence in our capabilities around growth and profitability. We will continue to invest in areas that impact the lives of Customers and Farmers positively.”
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