Agri-tech startup Ninjacart raises $100 million from Tiger Global
Vegetables, fruits and grocery supply chain startup Ninjacart said on Friday that it has raised $100 million (Rs 699 crore) from leading investment firm Tiger Global to build capacity for serving retailers and restaurants across the country. "We plan to build capacity to serve retailers and restaurants, launch new product categories and hire teams with the fresh capital raised through Series C funding (third) round," the city-based firm said in a statement.
- Vegetables, fruits and grocery supply chain startup Ninjacart said on Friday that it has raised $100 million (Rs 699 crore) from leading investment firm Tiger Global to build capacity for serving retailers and restaurants across the country.
- The four-year-old startup delivers fruits and vegetables sourced directly from 13,500 farmers in 20 states across the country and supplies to 17,000 retail shops and restaurants in seven cities daily.
- The seven cities are Bengaluru, Chennai, Gurgaon, Hyderabad, Mumbai, New Delhi and Pune.
- The company's sourcing network has 100 collection centres across the states to procure fresh goods.