India's Most Valuable Companies 2023 edition · Source: Hurun India
Rank#497- Valuation
- ₹6,800 Cr
2022 #460
Please enter your name.
Please enter a valid email address.
Please select an issue type.
Please add a few details about the issue.
About Ninjacart
Ninjacart is a Retail company based in Bengaluru (India) founded in 2015 by Vasudevan Chinnathambi, Thirukumaran Nagarajan, Kartheeswaran Karandipalayam Kandasamy, and Sharath Loganathan. It operates in the Retail and Agriculture sectors. Ninjacart has raised $513.85 million across 11 funding rounds from investors including Flipkart, Walmart and Accel. The company has 914 employees. Ninjacart has completed 1 acquisition, including Tecxprt. Ninjacart was last valued at $756.07 million in May 2022. Its chief executive, as recorded, is Kartheeswaran Karandipalayam Kandasamy. Its website ninjacart.com draws about 26 thousand monthly visits. Its Indian entity Ninjacart Private Limited reported revenue of ₹84.86 Cr. Ninjacart offers products and services including Ninja Mandi, Ninja Kisan, Ninja Kirana, and Ninja Global. Its focus areas include B2B E-Commerce, Food & Beverages, Groceries and Farm Products. Its competitors include WayCool, Apnaklub and FarMart; 3 of its 3 listed competitors have raised funding.
Company details
B2B platform offering vegetables and fruits. The platform connects farmers, traders, retailers, and consumers through a robust supply chain network. The platform offers vegetables and fruits sourced directly from farms and delivers to kiranas and businesses.
Recognitions & Rankings of Ninjacart
- Headquarters Bengaluru, India
- Employees 914
- Founders Vasudevan Chinnathambi, Thirukumaran Nagarajan, Kartheeswaran Karandipalayam Kandasamy, Sharath Loganathan
- Stage Minicorn
- SectorsRetailAgriculture
- Email••••••••
- Phone•••• ••••
- Website ninjacart.com
- Social LinkedIn X Facebook Instagram YouTube
- Legal Name Ninjacart Pvt. Ltd.
- Date of Incorporation 04 Dec, 2019
- Jurisdiction Bangalore, Karnataka, India
Operational Areas
Key Metrics
- Annual Revenue₹84.86 Cr
FY 2026 · +230% YoY
- Net Loss-₹1.67 Cr
FY 2026 · -2% margin
- EBITDA-₹1.37 Cr
FY 2026 · -2% margin
- Total Equity Funding$513.85M (USD)
in 11 rounds
- Latest Funding Round$6.08M (USD), Series D
Jul 2026
- InvestorsFlipkart
& 30 more
- Employee Count914
- Investments & Acquisitions
Associated legal entities of Ninjacart
Ninjacart is associated with 3 registered companies on The Company Check; the primary company is Ninjacart Private Limited. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2026) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Ninjacart Private Limited CIN U52100KA2019PTC130334 | Active | 04 Dec 2019 | Bangalore, Karnataka | ₹84.9 Cr | 66 | 2 | View details |
| Ninjacart Services Private Limited CIN U74110KA2021PTC175360 | Active | 04 Jan 2021 | Bangalore, Karnataka | ₹14.5 Cr | 69 | 3 | View details |
| 63Ideas Infolabs Private Limited CIN U51100KA2015PTC081330 | Active | 02 Jul 2015 | Bangalore, Karnataka | ₹0.0 Cr | 1,332 | 6 | View details |
Products & Services of Ninjacart
Ninjacart offers a comprehensive portfolio of products and services, including Ninja Mandi, Ninja Kisan, Ninja Kirana, and Ninja Global.
Ninja Mandi
Marketplace Platform
Platform connecting traders and retailers for agricultural commerce.
Ninja Kisan
Farmer Support
Tools for farmers to access markets and improve productivity.
Ninja Kirana
Retail Solutions
Services for retailers to source and manage fresh produce.
Ninja Global
International Trade
Platform for global agricultural export and import.
Apps and channels of Ninjacart
its YouTube channel Ninjacart has 5.07K subscribers and 30 videos.
Ninjacart
Open channelVideos from Ninjacart
The most watched videos on Ninjacart's YouTube channel, Ninjacart (5.07K subscribers). Click a video to play it here.
#BetterLives For Every Agri Citizen | Ninjacart
ಪ್ರತಿ Agri Citizen ಗೆ ಉತ್ತಮ ಜೀವನ | Ninjacart | #BetterLives
அனைத்து விவசாய குடிமகன்களுக்கும் சிறந்தவாழ்வியல் | Ninjacart | #BetterLives
Ninja Mandi News - Onion & Potato prices for free 10Sec
More on Ninjacart.
Funding Insights of Ninjacart
Ninjacart has successfully raised a total of $513.85M across 11 strategic funding rounds. The most recent funding activity was a Series D round of $6.08 million completed in July 2026. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $513.85M
- Total Rounds 11
- Last Round Series D — $6.08M
- First Round $3M
(Aug 2015)
- Investors Count 31
Latest 10 of 11 funding rounds of Ninjacart with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul 2026 | $6.08M | Series D | – | Tiger Global Management | |
| May 2022 | $9.17M | Series D | $756.07M | STIC Investments, Mainstreet Digital Life | |
| Dec 2021 | $145M | Series D | $770M | Walmart, Flipkart | |
| Oct 2020 | $196.93M | Series D | $••••• | Walmart, Flipkart | |
| Apr 2019 | $117.97M | Series C | $••••• | Tiger Global Management | |
| Dec 2018 | $1M | Series B | $••••• | Larix | – |
| Jun 2018 | $29.06M | Series B | $••••• | Accel, HR Capital | |
| Mar 2018 | $1.1M | Debt – Venture | – | – | |
| Jan 2018 | $137,976 | Series B | $••••• | Trifecta Capital | – |
| Jan 2017 | $5.5M | Series B | $••••• | Accel |
Valuation history
| Date | Valuation | Stage |
|---|---|---|
| May 2022 | $756.07M | •••••••• |
| Dec 2021 | $770M | •••••••• |
| Oct 2020 | $••••• | •••••••• |
| Apr 2019 | $••••• | •••••••• |
| Dec 2018 | $••••• | •••••••• |
| Jun 2018 | $••••• | •••••••• |
| Jan 2018 | $••••• | •••••••• |
| Jan 2017 | $••••• | •••••••• |
Premium access
Full valuation and stage history of Ninjacart
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
- All valuation points
- Stage changes
- Dates
- Exports
Verified entity values are shown only after access is granted.
Last known valuation $756.07M (May 2022). 31 investors in total: 25 institutional and 6 angel.
Investors in Ninjacart
Ninjacart has secured backing from 31 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Flipkart, Walmart and Accel.
All
Venture Fund
Institutional
Angel
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Private equity and innovation services are provided by STIC Investments. | stic.co.kr | Seoul, South Korea | ||
Hahn & Company is recognized as Korea’s leading private equity investment group. | 2010 | hcompany.com | Seoul, Korea | |
Accel is recognized as a leading venture capital firm. | 1983 | accel.com | Palo Alto, United States | |
Venture capital investing in technology sectors such as AI and automotive. | 2000 | qualcommventures.com | San Diego, United States | |
A community-focused entity is operated for collective impact initiatives. | mistletoe.co | Singapore, Singapore | ||
Venture capital firm focused on multiple sectors | Bengaluru, India | |||
Provider of a venture capital firm for various sectors | shinhanvc.com | Seoul, South Korea | ||
Venture capital firm focused on multiple sectors | ||||
Venture and private equity investments are managed with global diversification. | tigerglobal.com | New York, United States | ||
Independent VC firm | tanglinvp.com | Singapore, Singapore |
Premium access
Investor details for Ninjacart
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Ninjacart Private Limited (Ninjacart)
Ninjacart Private Limited is the primary company behind Ninjacart. The boards of the 3 registered companies of Ninjacart currently have 7 directors; the longest-serving is Kartheeswaran Karandipalayam Kandasamy, appointed in 2015. 13 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Kartheeswaran Karandipalayam Kandasamy DIN 07201869 | Director | 02 Jul 2015 | 11 yrs 4 mo | 63Ideas Infolabs Private Limited, Ninjacart Private Limited |
| Raghunandan Gangappa DIN 03356963 | Director | 18 Mar 2019 | 7 yrs 7 mo | 63Ideas Infolabs Private Limited |
| Raja Naveena DIN 09043923 | Director | 27 Jan 2021 | 5 yrs 9 mo | Ninjacart Services Private Limited |
| Leigh Douglas Hopkins DIN 09002888 | Nominee Director | 20 May 2021 | 5 yrs 5 mo | 63Ideas Infolabs Private Limited |
| Chinnathambi Vasudevan DIN 07201941 | Director | 24 Jun 2022 | 4 yrs 4 mo | 63Ideas Infolabs Private Limited, Ninjacart Private Limited, Ninjacart Services Private Limited |
| Harish Swaminathan DIN 09040061 | Director | 31 Jul 2023 | 3 yrs 3 mo | 63Ideas Infolabs Private Limited, Ninjacart Services Private Limited |
| Hemant Gundopant Badri DIN 09366283 | Nominee Director | 10 Jun 2024 | 2 yrs 5 mo | 63Ideas Infolabs Private Limited |
People of Ninjacart
97 people are tracked at Ninjacart (62 in leadership, 1 in board & advisors, 34 in team); the tracked headcount is 914.
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
| Co-Founder | Leadership | |
| Co-Founder & CEO | Leadership | |
| Co-Founder | Leadership | |
Anto Clinton | Ceos Office - Director | Leadership |
Kartheeswaran KK | Founder & CEO | Leadership |
Giridharan S | Head - S&D | Leadership |
Raghvendra Sankhediya | Cluster Head | Leadership |
Chandran K | Associate Director Of Operations - Ecommerce | Leadership |
Natarajan M V | Business Head, Ninjacart | Leadership |
Dennis John | Head, Legal | Leadership |
| Head, Products | Leadership | |
Hemanth Vasudevan | Head, Marketing | Leadership |
Kaushik Gopal | Head, Enterprise & Anchor | Leadership |
Vivek Venkatasen | CFO | Leadership |
Anuja Singh | Chief People Officer | Leadership |
Ashutosh Dasare | Senior Manager, Cfo's Office | Leadership |
Uday Kadam | Business Head - Ninja Kisaan Platform | Leadership |
Rahul Raj | Regional Operations Head | Leadership |
Wanshan Kharwanlang | Head Of Corporate Communications | Leadership |
77 more people are available in the full profile.
Premium access
Complete people profiles for Ninjacart
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of Ninjacart
Figures of Ninjacart Private Limited, the primary company behind Ninjacart, for FY 2026. Revenue was ₹84.86 Cr (+230% year on year). Net loss was -₹1.67 Cr (-2% margin). EBITDA was -₹1.37 Cr (-2% margin). Revenue has grown at a compounded annual rate of +508% over three years and 0% over five years.
- ₹84.86 CrRevenue · FY 2026 · +230% YoY
- -₹1.67 CrNet loss · -2% margin
- -₹1.37 CrEBITDA · -2% margin
- ₹1 LakhPaid-up capital
- 66Employees (provident fund records)
- +508%Revenue CAGR, 3 years
- 0%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Ninjacart Private Limited are on its company page.
Premium access
Detailed financial statements for Ninjacart
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Investments & Acquisitions by Ninjacart
Ninjacart has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Tecxprt.
Acquisitions
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Cloud-based suite solutions for business process digitization are provided. | tecxprt.com | Bengaluru, India | 2020 | Mar 2022 | •••• |
Premium access
Complete acquisition details for Ninjacart
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
- Deal sources
- Complete history
- Exports
Verified entity values are shown only after access is granted.
Timeline of Ninjacart
5 dated milestones of Ninjacart across 11 years, from founding to its latest funding, stage changes and deals.
- Founded Ninjacart is founded.
- Funding First funding round of $3.0M.
- Milestone Reaches Minicorn status.
- Acquisition Acquires Tecxprt.
- Funding Latest funding round, Series D, of $6.1M.
Competitors of Ninjacart
Ninjacart has 3 listed competitors in our database, 3 of them funded. They include WayCool, Apnaklub and FarMart.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| waycool.in | 2015 | Chennai, India | $365.53M | 164 | Provider of food supply chain management and farming solutions. | |
| apnaklub.com | 2019 | Bengaluru, India | $32.59M | 388 | Local wholesale businesses are facilitated via an e-distribution platform. | |
| farmart.co | 2015 | Gurugram, India | $51.11M | 296 | SaaS-based B2B solutions for food supply chains are provided. |
Premium access
Detailed competitors of Ninjacart
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Ninjacart
The website of Ninjacart (ninjacart.com) receives about 25.6K visits a month.
- Monthly visits25.6K
▲ 58.3% vs previous month
Similar websites
Websites whose visitors overlap most with Ninjacart. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| naukri.com | 100% | 29M | #1,336 | View details | |
tocgrp.com | tocgrp.com | 92% | #8,320,013 | – | |
| apna.co | 92% | 2.1M | #17,551 | View details |
Top companies in Food & Grocery Retail
3 companies that operate in the same segment as Ninjacart (Food & Grocery Retail) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Food and grocery items are ordered via an online network. | 2014 | Bengaluru, Karnataka, India | USD 3.54 B | USD 2.51 B | 4,488 | |
Personal and household products are delivered via an e-commerce platform. | 2011 | Bengaluru, Karnataka, India | USD 943.07 M | USD 1.17 B | 22,095 | |
Quick-commerce platform delivering groceries, household essentials and other everyday products in India. | 2013 | Gurugram, Haryana, India | USD 757.12 M | 11,913 |
Upgrade to premium
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
Upgrade to Premium No viewing limits. Your plan controls exports and screening usage.
Included in your Premium account
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Related news about Ninjacart
Premium access
Complete news archive for Ninjacart
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Articles about Ninjacart on our blog
- Microsoft launches Agritech Accelerator08 Jun 2020
Frequently Asked Questions about Ninjacart
Ninjacart was founded in 2015.
Ninjacart is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Kartheeswaran Karandipalayam Kandasamy is the CEO of Ninjacart, as recorded in our data. They have also founded this company.
Ninjacart is a funded company, having raised a total of $513.85M across 11 funding rounds to date. The company's 1st funding round was a Series B of $5.5M, raised on Aug 2015.
Ninjacart has 914 employees.
The primary company behind Ninjacart, Ninjacart Private Limited, reported revenue of ₹84.86 Cr for FY 2026, up 230% year on year.
B2B platform offering vegetables and fruits. The platform connects farmers, traders, retailers, and consumers through a robust supply chain network. The platform offers vegetables and fruits sourced directly from farms and delivers to kiranas and businesses.
Ninjacart offers Ninja Mandi, Ninja Kisan, Ninja Kirana, and Ninja Global.
Ninjacart has made 1 acquisition, including Tecxprt.
Ninjacart has 31 investors. Key investors include Flipkart, Walmart, Accel, ZopSmart, and Entrust Family Office.
The valuation of Ninjacart is $756.07M as of May 2022.