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Ninjacart raises Series B funding of Rs 250 crore led by Accel US and Syngenta Ventures

7 2 308
12.12.2018

Bengaluru-based B2B agritech startup Ninjacart on Wednesday raised Rs 250 crore funding led by Accel US, Syngenta Ventures, Jo Hirao, Founder of ZIGExN, Neoplux, HR Capital and Trifecta Capital. Existing investors Accel India, Nandan Nilekani, Mistletoe and Qualcomm Ventures also participated in the round. The RainMaker Group acted as the sole advisor to Ninjacart for the Series B funding round.

Last year, Ninjacart had raised debt funding of $1 million led by Trifecta Capital. It had earlier raised Rs 37 crore ($5.5 million) from investors, including Accel Partners, Nandan Nilekani’s NRJN Trust, Mistletoe, Qualcomm Ventures and M&S Partners. With this round of funding, Ninjacart aims for geographical expansion, strengthen its technology and product and invest in building a stronger and robust supply chain infrasturcture.

With this fund raise, Ninjacart aims to expand to 10 cities and open over 200 distribution centres across India and scale its hiring. Total funding raised by Ninjacart is now at Rs 350 crore.

Ninjacart Founding........

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