Flipkart bets on Ninjacart to take on Amazon, JioMart in grocery biz

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

E-commerce firm Flipkart India and Walmart,the world’s biggest retailer on Monday announced a fresh round of joint strategic investment of $145 million in supply chain tech firm Ninjacart, which is focusing on India’s fresh produce market to organise the agriculture ecosystem. The investment has almost doubled the valuation of Bengaluru-based Ninjacart from $500 million witnessed last year to about $900 million and the firm is nearing becoming a unicorn, or a startup with over $1 billion valuation, according to the sources.

The companies said the investment of $145 million from Flipkart and Walmart further validates and strengthens Ninjacart’s vision to ensure