Ninjacart raises $6 Mn, claims EBITDA profitability as it eyes IPO in two years
The Bengaluru-based fresh produce supply chain startup secured $6M from existing backers including Accel, Tiger Global and Walmart. Revenue fell to Rs 1,634 cr in FY25 from Rs 2,007 cr, with losses of Rs 256 cr. It supplies quick commerce, modern trade and HoReCa across 40+ cities.
Fresh produce supply chain startup Ninjacart raised $6M from existing backers, claims EBITDA profitability, and is preparing for an IPO within two years. It supplies quick commerce, modern trade, and HoReCa across 40+ Indian cities.
Why this matters
The $6M round follows Ninjacart's first tranche from Accel and Nilekani tied to a two-year IPO timeline, signaling a push toward profitability despite a revenue decline in FY25.
Retail-company signals are accelerating, up +509700% QoQ.
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