Walmart And Flipkart Group Make Additional Investment in Indian Agritech Startup Ninjacart 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.
Walmart Backs Supply Chain Startup Bengaluru based Ninjacart With $50 Mn Funding Retail giant Walmart has backed fresh produce supply chain startup Ninjacart with an investment of $50 Mn. Walmart, which has a majority stake in Flipkart and operates a cash and carry business in India, is looking to go deeper into the market with the Ninjacart investment, which also includes rights to invest further in future rounds.
Tiger Global-backed NinjaCart raises venture debt from Trifecta Capital Bengaluru-based 63Ideas Infolabs Pvt. Ltd, which owns business-to-business (B2B) agrimarketing platform NinjaCart, has raised $2.87 million (about Rs 20 crore at current exchange rate) from venture debt provider Trifecta Capital, which is an existing investor.