Funding · Agriculture & Food Systems

Ninjacart closes first $6M tranche of funding round

What they do

Ninjacart connects farmers to retailers, quick commerce, modern trade, exporters, and HoReCa

It raised $6M from existing investors Accel, Tiger Global, and Nandan Nilekani, with more expected

The company achieved EBITDA profitability and started planning for a public listing within two years

Ninjacart closed the first $6M tranche of a multi-tranche investment round.
The lead investors are existing backers Accel, Tiger Global, and Nandan Nilekani.
More existing investors are expected to join the round.
The company turned EBITDA profitable.
It has begun preparations for a public listing within two years.
This funding comes after more than 4.5 years since its previous round.

Ninjacart last raised $145M at an $815M valuation in December 2021 from Walmart and Flipkart.
Operating revenue fell to Rs 1,634 crore in FY25 from Rs 2,007 crore in FY24.
Loss was nearly flat at Rs 256 crore in FY25 versus Rs 260 crore in FY24.
The company's core businesses grew threefold over the past year.

Ninjacart is a full-stack fresh produce supply chain platform.
It connects farmers to retailers, quick commerce, modern trade, exporters, and HoReCa (hotels, restaurants, cafes).
It supplies more fresh produce to India's quick commerce industry than any other company.
It moves over 1,500 tonnes of fresh produce daily across 40+ cities.
It works with over 1,50,000 farmers, 30,000 retailers, and 5,000 resellers.
Its portfolio includes over 150 products such as onions, potatoes, tomatoes, blueberries, avocados, and apples.