Walmart and the Flipkart Group have made a fresh round of investment into agritech startup Ninjacart in continuation of its earlier funding done in December, 2019. The value of this investment was not disclosed.
Ninjacart plans use the capital to expand to new markets and build new offerings and supply chains for emerging customer segments, while continuing to innovate on the supply chain to make it more efficient, reliable, and profitable.
During the COVID-19 lockdown period, Ninjacart launched several initiatives such as apartment delivery, including a ‘Farm to fork’ pilot with Flipkart, customer delivery through food delivery apps, ‘Harvest the Farms’ initiative, etc. The startup also launched ‘Foodprint’, a 100 percent traceability platform for its products.
Founded in 2015, Ninjacart has the backing of other investors such as Tiger Global, Accel, Tanglin, Steadview, Nandan Nilekani, Qualcomm etc.