Ninjacart, a Bengaluru-based B2B agritech startup, has bagged an investment worth $50 million (approx ₹347 crore) from Walmart, a global retailer giant, reported Inc42, citing ET.
“At present, we run 500 small trucks and 150 big trucks — now we need to grow our capacity by 10-20 times to include 5000 small trucks and 1000 big trucks. Currently, we are in seven Indian cities including Bengaluru, Chennai, Hyderabad, Delhi NCR, Pune, Ahmedabad, and Mumbai. With these new fundings, we want to expand our reach in three more cities from northern and western parts of India,” Thirukumaran Nagarajan, co-founder at Ninjacart, said.
Other players operating in the B2B commerce space include Lal10, an online marketplace that connects artisans with bulk buyers, Wholesalebox, an online wholesale marketplace.