POWERED BY
Presenting
Ninjacart
Disrupting the fresh produce supply chain
As Ninjacart undertakes the risk of picking up the fruits and vegetables from the farmers and delivering it to the small retail outlets, its revenue is largely dependent on the commission it earns from the entire transaction. According to this startup, the farmers are able to earn better remuneration since there is no involvement of middlemen and there is a guarantee of a steady demand.
  • Agri Tech
    HEADQUARTERS
    Bangalore, Karnataka, India
    COMPANY SIZE
    2000+ Employees
    FOUNDED
    2015

    Awards

    Awards and Recognitions
    03
    A YourStory list of startups in 2019 with groundbreaking ideas that are creating a deep impact.
    In a country like India, the supply chain of fruit and vegetables is riddled with inefficiencies where the ends of the chain ie, the producer (read farmer) and consumer are generally shortchanged in terms of quality and price. Bengaluru-based startup Ninjacar wants to change that with the adoption of technology and employing business sense. Ninjacart sources the agricultural produce from the farmers directly and supplies directly to the small retailers. Fruits and vegetables are highly perishable commodities where any lag can severely impact the whole supply chain. Ninjacart says that it has, over the years, created the technology backbone required to deliver produce almost error-free. Today, with over 1,500 tonnes being supplied daily to close to a dozen cities, Ninjacart has achieved scale coupled with precision. The startup states that both producers and consumers are getting their fair price without being shortchanged. No better endorsement could come for Ninjacart when the young startup got the attention of Tiger Global. In April this year, the PE fund led the $100 million round for Ninjacart. Reportedly, Walmart has also expressed interest as an investor. It has raised $154 million till now and its services are available in close to a dozen cities.

    Funding

    Funding Rounds and Investors
    CORPORATE-ROUND
    Undisclosed
    Investors
    Flipkart, Walmart
    Dec 2019
    DEBT-FINANCING
    $4.17M
    Investors
    Trifecta Capital Advisors
    Nov 2019
    SERIES-C
    30M
    Investors
    Clark Valberg
    Jul 2019
    SERIES-C
    $10M
    Investors
    Tanglin Venture Partners, Trifecta Capital Advisors, Steadview Capital, Clark Valberg, ABG Capital, Tiger Global Management
    Jun 2019
    SERIES-C
    $90M
    Investors
    Tiger Global Management
    Apr 2019
    SERIES-B
    2.5B
    Investors
    Trifecta Capital, Accel, Mistletoe, Neoplux, Qualcomm Ventures, Syngenta Ventures
    Dec 2018
    SERIES-A
    $4.9M
    Investors
    Accel, Mistletoe, NRJN Trust
    Jul 2018
    DEBT-FINANCING
    $1.1M
    Investors
    Trifecta Capital Advisors
    Mar 2018
    SERIES-A
    370M
    Investors
    Accel, M&S Partners, Mistletoe, NRJN Trust, Qualcomm Ventures
    Apr 2017
    SERIES-A
    $3M
    Investors
    Accel, M&S Partners, Qualcomm Ventures, ZopSmart
    Mar 2016