Walmart, Flipkart Invest $30 Million In Ninjacart

BENGALURU : US-based retailer Walmart Inc. and Flipkart Group have made an additional investment in Bengaluru-based fresh produce supply startup Ninjacart, the companies said in a joint statement on Monday. According to a person familiar with the development, Walmart and Flipkart have invested around $30 million in Ninjacart. “At the Flipkart Group, we are focused on ensuring that we continue to work towards developing new and innovative ways to meet our customers’ needs in this space through the growth of Supermart and the recent launch of Flipkart Quick,” Krishnamurthy said in a statement. Flipkart has been leveraging Ninjacart’s fresh produce supply chain, and strengthening its direct sourcing for Supermart, its online grocery service as well as its hyperlocal delivery service Flipkart Quick. “The fresh set of investments from Walmart and the Flipkart Group takes us one step closer to our vision of making food safe and accessible for the billion people and changing the way food reaches our plate. We will continue to invest in areas that impact the lives of customers and farmers positively,” said Thirukumaran Nagarajan, CEO and co-founder, Ninjacart.