December 15

Walmart-owned Flipkart Invests $145 Million in Agritech Startup Ninjacart

As e-grocery picks up momentum in India, Walmart-owned Flipkart on Monday announced to invest $145 million in agritech startup Ninjacart, which has helped over 1,00,000 farmers across 150 villages to generate better revenues.

The third round of investment will further empower millions of agri-value chain participants, including farmers, resellers, retailers, consumers, and supply chain participants, the company said in a statement.

Ninjacart has been investing significantly in tech platforms and supply chain infrastructure over the past two years.

Photo courtesy of Prachatai.

Source: Business Insider India (link opens in a new window)

Agriculture, Investing, Technology
impact investing