# Ninjacart

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/ninjacart

- Industry: Logistics & Distribution
- Headquarters: Bangalore, India
- Website: www.ninjacart.com
- Total disclosed funding: $326M
- Latest round: Series D (May 17, 2022)
- Investors on record: 22

## About

63Ideas Infolabs Private Limited, operating through Ninjacart, is an agritech company focused on connecting farmers directly with retailers to streamline the distribution of fresh produce, leveraging technology to enhance supply chain efficiency. Founded in 2015 in India, 63Ideas Infolabs Private Limited operates in the agritech sector, specifically focusing on creating a direct supply chain platform for fresh produce. The founders include Akhila N., Sharath Loganathan, Udbhav Dalmia, and Vasudevan C, with Udbhav Dalmia currently serving as CEO. In July 2026, Ninjacart raised USD 6 million in venture funding from returning investors Accel and Tiger Global Management, with participation from an individual and other unspecified investor.

Ninjacart is a prominent agritech brand in India, specializing in the direct procurement and distribution of fresh produce. The company primarily operates a supply chain platform that connects farmers directly with retailers, ensuring the efficient delivery of fruits, vegetables, and other agricultural products. By leveraging technology to streamline the supply chain, Ninjacart addresses significant challenges such as post-harvest losses and market inefficiencies, ultimately enhancing product freshness and reducing costs for consumers. The firm serves a diverse client base, including local grocery stores, restaurants, and food service businesses across major urban centers in India such as Bengaluru, Hyderabad, and Delhi. Notably, Ninjacart's solutions are designed to optimize the agricultural supply chain both regionally and nationally, promoting a sustainable approach to food distribution.Ninjacart generates revenue through a B2B model, facilitating transactions between farmers and various retail clients. For the most recent year, Ninjacart reported a revenue of INR 143,719,044.10 with an EBITDA of -32,587,636.40 for 2023. This model includes partnerships, where retailers subscribe to Ninjacart's supply platform for consistent access to fresh produce. Retailers typically place orders through the platform, allowing them to select from a range of products, ensuring timely delivery tailored to their inventory needs. The transaction structure is designed to enhance efficiency, enabling clients to scale their operations with lower overhead costs. Ninjacart's flagship offerings particularly focus on premium quality produce, effectively meeting the demands of urban consumers while establishing a strong foothold in the competitive agritech landscape. In July 2026, Ninjacart raised USD 6 million in venture funding from returning investors Accel and Tiger Global Management, with participation from an individual and other unspecified investor.

The company will use the May 2022 funds in building technology and infrastructure to organize, empower, and enhance the lives of millions involved in the agri-value chain, including farmers, resellers, retailers, consumers, and supply chain participants. There are no specific details available regarding new product launches or expansion into new markets at this time.

## Funding rounds

- Series D, May 17, 2022, $9M — STIC Investments, Mainstreet Digital
- Series D, Dec 23, 2021, $144M — Accel, Walmart, Qualcomm Ventures, Flipkart Internet Private Limited, Mistletoe, NRJN Family Trust, Neoplux, HR Capital
- Series C, May 20, 2021, $9.6M — Syngenta Ventures
- Series C, Dec 15, 2020, $10M — STIC Investments
- Series C, Jan 11, 2020, $15M — Walmart, Flipkart Internet Private Limited, Syngenta Ventures, Tanglin Venture Partners
- Series C, Jun 17, 2019, $9.9M — Tiger Global Management, Steadview Capital Management, Trifecta Capital, ABG Capital, Tanglin Venture Partners, NPTK Emerging Asia Fund
- Series C, Apr 26, 2019, $89M — Tiger Global Management
- Series B, Nov 17, 2018, $26M — Accel, Erasmic, Shinhan Venture Investment, Qualcomm Ventures, Trifecta Capital, Mistletoe, Syngenta Ventures, NRJN Family Trust, Tanglin Venture Partners, Neoplux
- Series A, Jan 24, 2018, $5.4M — Accel, Qualcomm Ventures, Mistletoe, NRJN Family Trust, Trifecta Venture, HR Capital
- Series A, Jan 20, 2017, $5.4M — Accel, Qualcomm Ventures, Mistletoe, M&S Partners, NRJN Family Trust
- Series A, Mar 31, 2016, $2M — Accel, Qualcomm Ventures, ZN Retail Pvt. Ltd., M&S Partners
- Series A, Aug 21, 2015, $0.9M — Accel, Qualcomm Ventures, ZN Retail Pvt. Ltd.

## Investors

- Accel (https://capitalatlas.ai/funds/accel) — Series A, Series B, Series D
- Qualcomm Ventures (https://capitalatlas.ai/funds/qualcomm-ventures) — Series A, Series B, Series D
- ZN Retail Pvt. Ltd. — Series A
- M&S Partners (https://capitalatlas.ai/funds/m-s-partners) — Series A
- Mistletoe (https://capitalatlas.ai/funds/mistletoe) — Series A, Series B, Series D
- NRJN Family Trust — Series A, Series B, Series D
- Trifecta Venture — Series A
- HR Capital (https://capitalatlas.ai/funds/hr-capital) — Series A, Series D
- Erasmic — Series B
- Shinhan Venture Investment (https://capitalatlas.ai/funds/shinhan-venture-investment) — Series B
- Trifecta Capital (https://capitalatlas.ai/funds/trifecta-capital) — Series B, Series C
- Syngenta Ventures (https://capitalatlas.ai/funds/syngenta-ventures) — Series B, Series C
- Tanglin Venture Partners (https://capitalatlas.ai/funds/tanglin-venture-partners) — Series B, Series C
- Neoplux — Series B, Series D
- Tiger Global Management (https://capitalatlas.ai/funds/tiger-global-management) — Series C
- Steadview Capital Management (https://capitalatlas.ai/funds/steadview-capital-management) — Series C
- ABG Capital — Series C
- NPTK Emerging Asia Fund — Series C
- Walmart — Series C, Series D
- Flipkart Internet Private Limited — Series C, Series D
- STIC Investments (https://capitalatlas.ai/funds/stic-investments) — Series C, Series D
- Mainstreet Digital — Series D