About Ninjacart
Ninjacart is a company based in Bengaluru (India) founded in 2015 by Vasudevan Chinnathambi, Thirukumaran Nagarajan, Kartheeswaran Karandipalayam Kandasamy, and Sharath Loganathan.. Ninjacart has raised $507.77 million across 10 funding rounds from investors including Flipkart, Walmart and Accel. Ninjacart has completed 1 acquisition, including Tecxprt. Ninjacart offers products and services including Ninja Mandi, Ninja Kisan, Ninja Kirana, and Ninja Global. Ninjacart operates in a competitive market with competitors including WayCool, Apnaklub, FarMart, HyperPure and Poshn, among others.
- Headquarter Bengaluru, India
- Founders Vasudevan Chinnathambi, Thirukumaran Nagarajan, Kartheeswaran Karandipalayam Kandasamy, Sharath Loganathan
- Stage Minicorn
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Sectors
RetailAgriculture
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Ninjacart Pvt. Ltd.
- Jurisdiction Bangalore South, Karnataka, India
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Annual Revenue
$45.44 K (USD)289.1as on Mar 31, 2023
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Net Profit
$-51.45 K (USD)-14384.07as on Mar 31, 2023
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EBITDA
$-51.45 K (USD)-14384.07as on Mar 31, 2023
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Total Equity Funding
$507.77 M (USD)
in 10 rounds
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Latest Funding Round
$9.17 M (USD), Series D
May 17, 2022
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Investors
Flipkart
& 30 more
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Employee Count
Employee Count
- Investments & Acquisitions
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Products & Services of Ninjacart
Ninjacart offers a comprehensive portfolio of products and services, including Ninja Mandi, Ninja Kisan, Ninja Kirana, and Ninja Global. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Platform connecting traders and retailers for agricultural commerce.
Tools for farmers to access markets and improve productivity.
Services for retailers to source and manage fresh produce.
Platform for global agricultural export and import.
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Funding Insights of Ninjacart
Ninjacart has successfully raised a total of $507.77M across 10 strategic funding rounds. The most recent funding activity was a Series D round of $9.17 million completed in May 2022. 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 Total Funding
- Total Rounds 10
- Last Round Series D — $9.2M
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First Round
First Round
(21 Aug 2015)
- Investors Count 31
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2022 | Amount | Series D - Ninjacart | Valuation | STIC Investments , Mainstreet Digital Life | |
| Dec, 2021 | Amount | Series D - Ninjacart | Valuation | Walmart , Flipkart | |
| Oct, 2020 | Amount | Series D - Ninjacart | Valuation | Walmart , Flipkart |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Private equity and innovation services are provided by STIC Investments.
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Founded Year | Domain | Location | |
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Hahn & Company is recognized as Korea’s leading private equity investment group.
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Founded Year | Domain | Location | |
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Accel is recognized as a leading venture capital firm.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Ninjacart
Ninjacart has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Tecxprt. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Cloud-based suite solutions for business process digitization are provided.
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2020 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Ninjacart
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Ninjacart Comparisons
Competitors of Ninjacart
Ninjacart operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as WayCool, Apnaklub, FarMart, HyperPure and Poshn, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provider of food supply chain management and farming solutions.
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| domain | founded_year | HQ Location |
Local wholesale businesses are facilitated via an e-distribution platform.
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| domain | founded_year | HQ Location |
SaaS-based B2B solutions for food supply chains are provided.
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| domain | founded_year | HQ Location |
Food industry ingredients are supplied via a B2B platform.
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| domain | founded_year | HQ Location |
Provider of suite of services for businesses
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Ninjacart
Frequently Asked Questions about Ninjacart
When was Ninjacart founded?
Ninjacart was founded in 2015.
Where is Ninjacart located?
Ninjacart is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Who is the current CEO of Ninjacart?
Kartheeswaran Karandipalayam Kandasamy is the current CEO of Ninjacart. They have also founded this company.
Is Ninjacart a funded company?
Ninjacart is a funded company, having raised a total of $507.77M across 10 funding rounds to date. The company's 1st funding round was a Series D of $196.93M, raised on Aug 21, 2015.
What is the annual revenue of Ninjacart?
Annual revenue of Ninjacart is $45.44K as on Mar 31, 2023.
What does Ninjacart do?
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.
Who are the top competitors of Ninjacart?
What products or services does Ninjacart offer?
Ninjacart offers Ninja Mandi, Ninja Kisan, Ninja Kirana, and Ninja Global.
How many acquisitions has Ninjacart made?
Ninjacart has made 1 acquisition, including Tecxprt.
Who are Ninjacart's investors?
Ninjacart has 31 investors. Key investors include Flipkart, Walmart, Accel, ZopSmart, and Entrust Family Office.
What is Ninjacart's valuation?
The valuation of Ninjacart is $756.07M as of May 2022.