Startup Profile

Ninjacart

Legal entity: Inflexion Point Ventures Private Limited

India's fresh produce supply chain platform

AgriTech & FoodUnicornMarketplace· Bengaluru, Karnataka· Est. 2015Website ↗

Ninjacart is a Bengaluru-based B2B agritech startup that runs a fresh produce supply chain connecting farmers directly with retailers, kirana stores and food businesses. It sources fruits and vegetables from farmers and delivers them to buyers, typically within about 12 hours, cutting out traditional mandi middlemen. The company is backed by Flipkart, Walmart, Tiger Global and Accel.

Funding raised

₹3700.00 Cr

Total disclosed

Latest valuation

₹6789.00 Cr

Most recent round

Latest revenue

₹1153.40 Cr

FY FY23

Employees

—

FY FY23

Founders

Thirukumaran Nagarajan
Co-founder and CEO of Ninjacart, leading the company's fresh produce supply chain business since 2015.
Kartheeswaran Karandipalayam Kandasamy
Co-founder of Ninjacart (commonly listed as Kartheeswaran K K).
Ashutosh Vikram
Co-founder of Ninjacart.
Sharath Loganathan
Co-founder of Ninjacart.
Vasudevan Chinnathambi
Co-founder of Ninjacart.
Sachin Jose
Listed among Ninjacart's founding team in some company profiles.

Funding rounds

Series D2021-12-14₹1203.50 CrLed by Flipkart
Strategic Investment2020-10-12₹249.00 CrLed by Walmart
Series C2020-01-01₹83.00 CrLed by Flipkart
Strategic Investment2019-08-01₹415.00 CrLed by Walmart

Financials

MCA / self-reported

Fiscal year	Revenue	Profit / (Loss)	Employees
FY23	₹1153.40 Cr	(₹326.30 Cr)	—
FY24	₹2002.70 Cr	(₹259.60 Cr)	—

The full story

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Timeline

2024Gross revenue crosses Rs 2,000 crore in FY24 — FY24 gross revenue reached about Rs 2,002.7 crore, up roughly 74% year on year, while adjusted loss narrowed about 20% to Rs 259.6 crore.
2022-03Acquired Tecxprt and launched $25M Agri Seed Fund — Acquired B2B trade-tech firm Tecxprt and set up a $25 million Agri Seed Fund to back early-stage agritech startups.
2021-12-14$145 million round, largest Indian agritech deal — Flipkart and Walmart jointly invested $145 million, the biggest agritech funding deal in India at the time, valuing the company between roughly $700 million and $815 million.
2019-08Walmart and Flipkart invest $50 million — First joint strategic investment by Walmart and Flipkart, deployed in tranches.
2019-04$90 million from Tiger Global — Tiger Global led a large early growth round, becoming one of Ninjacart's biggest backers.
2015Founded in Bengaluru — Started as a hyperlocal grocery delivery platform before pivoting to a B2B fresh produce supply chain connecting farmers with retailers.

Data sources

seed-list + Crunchbase ODM↗ · last fetched 2026-05-28
Editorial (press release)↗ · last fetched 2026-05-28
Editorial (press release)↗ · last fetched 2026-05-28
DPIIT (Startup India)↗ · last fetched 2026-05-28
favicon↗ · last fetched 2026-05-31
Entrackr↗ · last fetched 2026-06-01
Entrackr↗ · last fetched 2026-06-01
Entrackr↗ · last fetched 2026-06-01
IndianStartupNews↗ · last fetched 2026-06-01
StartupTalky↗ · last fetched 2026-06-01