Ninjacart

Ninjacart

B2B fruits and vegetable marketplace

Founded

2015

Headquarters

Bengaluru (India)

Status

Series D

Company Details

Website

Socials

Email

Phone

+91 - 8069155666

Ninjacart is a pioneering agri-tech company . It operates primarily in the fresh produce supply chain industry, connecting farmers directly to retailers across multiple cities in India. Ninjacart's core products and services include a technology-driven B2B marketplace that streamlines the sourcing and distribution of fruits and vegetables, ensuring timely delivery and reducing wastage.

Key Markets and Value Proposition

Ninjacart's key markets span across major cities in India, where it has established a strong presence by offering a unique value proposition:

  • Efficient Supply Chain: By eliminating middlemen, Ninjacart ensures that fresh produce reaches consumers quickly, reducing spoilage and increasing the quality of products.

  • Fair Pricing: The platform provides fair prices to farmers, enhancing their livelihoods and ensuring a consistent supply of high-quality produce.

  • Sustainability: Ninjacart focuses on reducing food wastage and promoting eco-friendly practices, contributing to a more sustainable food supply chain.

Business Model & Revenue Streams

Revenue Generation

Ninjacart primarily generates revenue through a B2B marketplace model, where it connects farmers directly to retailers. The company's revenue streams include:

  • Marketplace Commissions: Ninjacart earns a commission on each transaction facilitated through its platform.

  • Logistics Services: The company offers logistics and delivery services, generating additional revenue from transportation and handling fees.

User Segmentation

Ninjacart operates primarily in the B2B segment, focusing on connecting farmers, manufacturers, and brands with retailers. This segmentation allows the company to tailor its services to meet the specific needs of its business customers.

Growth Strategy

  • Geographic Expansion: The company plans to expand its operations to new geographic locations, increasing its market reach and connecting more farmers and retailers.

  • Product Innovation: Ninjacart continuously innovates its technology and processes to optimize the supply chain, reduce wastage, and improve efficiency.

  • Strategic Partnerships: The company forms partnerships with key stakeholders in the industry to strengthen its supply chain and enhance product quality.

  • Sustainability Initiatives: Ninjacart focuses on reducing waste and promoting eco-friendly practices, ensuring a sustainable future for the industry.

Key People

Kartheeswaran Karandipalayam Kandasamy

Ashutosh Vikram

Sharath Loganathan

Thirukumaran Nagarajan

Vasudevan Chinnathambi

Key Metrics

Total Equity Funding

$417.2Million

No. of Funding Rounds

10

Latest Funding Round

$9.2Million, Series D

as of May 17, 2022

Post Money Valuation

$756M

as of May 17, 2022

Funding Multiple

-

as of N/A

Investors

N/A

Employee Count

3092

Similar Companies

Fairdeal Market

Exit Details

-

All Funding Rounds

DateRound NameAmountValuationRevenueRevenue Multiple
Investors
May 17, 2022Series D$9.2Million$756.0Million$136.0Million5.6x STIC Investments, Mainstreet Digital Life , Hahn & Company
December 13, 2021Series D$145.0Million$770.0Million$126.0Million5.0xAccel, Qualcomm Ventures, Mistletoe, NRJN Family Trust, HR Capital, Shinhan Venture Investment ,Walmart, Flipkart
October 21, 2020Series D $197.0Million$461.0Million$91.0Million2.9xGEC3, STIC Investments,: Walmart, Flipkart, Syngenta Group
April 24, 2019Series C $118.0Million$343.0Milllion$24.1Million-1.4x Tiger Global Management, Tanglin Venture Partners, NPTK Emerging Asia Fund 1, GEC3, Steadview, ABG Capital, Flipkart, Khaitan
December 12, 2018 Series B$1.0Million$325.0Million$16.9Million- Larix
July 30, 2018Series B$29.1Million$57.1Million$11.2Million2.5x Accel, Mistletoe, Qualcomm Ventures, Syngenta Group Ventures, Shinhan Venture Investment, Trifecta Capital, Tanglin Venture Partners ,HR Capital, Entrust Family Office
January 25, 2018 Series B$138.0K$47.6Million$7.6Million6.0x Trifecta Capital
January 26, 2017 Series B $5.5Million$20.6Million $3.5Million2.8x Accel, Qualcomm Ventures, Mistletoe , M&S Capital Partners, Entrust Family Office
August 19, 2015 Series A$3.0Million$2.5Million--Accel, Qualcomm Ventures ,ZopSmart, M&S Capital Partners

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