Business

Agri-tech start-up Ninjacart raises ₹250 crore

Ninjacart, an agri-tech platform that connects farmers with retailers, said it has closed ₹250-crore series B funding round from venture capital firms Accel US, Syngenta Ventures and Neoplux. The other investors include Jo Hirao, founder of ZIGExN, HR Capital and Trifecta Capital. It said existing investors Accel India, tech entrepreneur Nandan Nilekani, Mistletoe and Qualcomm Ventures also participated in this round.

The company said it would use the funding to expand to new geographies, strengthen product and technology teams and invest in bettering the supply chain infrastructure. Ninjacart aims to expand to over 10 cities and open more than 200 distribution centres across India and scale hiring and onboarding talent in the near future.

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Printable version | Apr 6, 2020 2:19:23 AM | https://www.thehindu.com/business/agri-tech-start-up-ninjacart-raises-250-crore/article25735591.ece

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