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

05/18/22, 3:58 PM

Location

bengaluru

Money raised

$9 million

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 Info

Company

Ninjacart

Location

bengaluru, karnataka, india

Additional Info

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

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Trends

	Raised	Growth The data in the raised column shows reported funding for this location/industry over last 90 days. The data in the growth column indicates the % increase or decrease of the last 90 days vs. the previous 90 days. Please note: one or more large fundings, especially for a location/industry that doesn't historically receive much funding, can have a significant impact on the increase or decrease percentage.
bengaluru	$144 M	-18.4%