Ninjacart

Ninjacart will use this new space to fuel its expansion plans as it now operates in new verticals

In addition, Ninjacart will invest in teams that have great tech abilities but may lack a solution or an idea at the moment

This is the company's second ESOP buyback. Ninjacart had its first buyback in 2019

The $145 million investment has almost doubled valuation of Bengaluru-based Ninjacart from $500 million last year to about $900 million and the firm is approaching unicorn status

'With this investment, we are further able to strengthen our grocery footprint,' says Kalyan Krishnamurthy, CEO, Flipkart Group

Walmart-owned company sees strong trend of casual gamers going on to become early shoppers

For Bengaluru-based Ninjacart, the investment further deepens the partnership with Walmart and the Flipkart Group to improve its offerings and enhance the customer experience

Walmart and Flipkart Group on Monday announced a fresh round of investment in Bengaluru-based business-to-business (B2B) supply chain company Ninjacart

Most start-ups are also not expecting to get the right valuation at this time, as the lockdown imposed to curb the virus' spread has severely disrupted business

Ninjacart connects through a network of more than 200 collection centres and 1,200 warehouses across the country

Founded in 2015, Ninjacart moves over 1,400 tons of fresh produce per day, having doubled its volumes in the last four months, it was stated.

Ninjacart operates supply chain network that delivers fresh farm produce in Bengaluru, Chennai, Hyderabad, Mumbai and Pune

Biggest ever investment round in India's agritech sector

The Bengaluru-based start-up is a B2B agri-marketing platform, needs to expand its reach