Ninjacart raises $6 million from existing investors, eyes IPO within two years
Agritech supply-chain firm Ninjacart secured $6 million from backers including Accel, Tiger Global and Nandan Nilekani after turning EBITDA-profitable. It supplies quick commerce, modern trade and HoReCa across 40 cities with 150 products, and is targeting threefold growth ahead of a public listing.
Agritech supply-chain firm Ninjacart raised $6 million from existing investors including Accel, Tiger Global and Nandan Nilekani, turned EBITDA-profitable, and is preparing for a public listing within two years. It supplies quick commerce, modern trade and HoReCa across 40 cities.
Why this matters
The $6 million raise follows Ninjacart's claim of EBITDA profitability, reinforcing its two-year IPO timeline. It positions the agritech supply-chain firm for threefold growth across quick commerce, modern trade and HoReCa channels.
Retail-company signals are accelerating, up 511800% QoQ.
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- The Hindu BusinessLine — Same time