Agritech Startup Ninjacart Raises USD 6 Million From Tiger Global and Other Investors

New Delhi: Ninjacart, which supplies fresh agri products to e-commerce companies, hotels and restaurants, has raised USD 6 million from multiple investors, including Tiger Global.

The company is planning to launch its maiden public issue in the next two years.

In a statement on Thursday, the agritech startup said it has “turned EBITDA profitable and has begun preparations for a public listing in the next two years”.

Ninjacart said it has just closed the first USD 6 million funding of a multi-tranche investment round.

Existing investors Accel, Nandan Nilekani, and Tiger Global led the funding, and more investors are expected to join the round soon.

Ninjacart’s operating revenue declined to Rs 1,634 crore in the 2024-25 fiscal from Rs 2,007 crore in the preceding year.

Losses remained largely stable at Rs 256 crore in FY25 versus Rs 260 crore in FY24, Ninjacart had said.

Established in 2015, Ninjacart’s investors include Accel, Syngenta Ventures, Nandan Nilekani, Qualcomm Ventures, Steadview, Tiger Global, Flipkart and Walmart.

The company said it moves over 1,500 tonnes of fresh produce a day across more than 40 cities, working with over 1,50,000 farmers, 30,000 retailers and 5,000 resellers.

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