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Ninjacart Raises $9 Million From Stic, Mainstream Digital At A Valuation Of $812 Million

May 18, 2022•over 3 years ago

Amount Raised

$9 Million

Bengaluru

Description

Bengaluru: Flipkart-backed fresh fruits and vegetable supply chain startup Ninjacart has raised $9 million (Rs 69 crore) from South Korea-based STIC and UK-based Mainstream Digital at a valuation of $812 million (Rs 1,050 crore), according to regulatory filings sourced by ETtech. STIC is an existing investor in Ninjacart.

Company Information

Company

Ninjacart

Location

Bengaluru, Karnataka, India

About

Flipkart and Walmart have announced a $145-million joint strategic investment in Bengaluru-based fresh produce supply startup Ninjacart, the company said in a statement on Monday. Ninjacart CEO and co-founder Thirukumaran Nagarajan said, “The funds will be deployed to build world-class teams, scalable tech platforms to organise and grow the network.” Founded in 2015