Flipkart-backed fresh-produce supply chain startup Ninjacart said it has raised $6 million from existing investors Accel, Nandan Nilekani, and Tiger Global, marking the first tranche of a larger funding round as it prepares for a public listing over the next two years.
The Bengaluru-based company, which supplies fruits and vegetables to quick-commerce platforms, modern trade, kirana stores, restaurants, and exporters, said it has turned Ebitda (earnings before income, tax, depreciation, and amortisation) profitable. It did not disclose the valuation or the total size of the planned multi-tranche round.
