Indian supply chain startup Ninjacart raises $9 million

Ninjacart, an India-based fresh fruit and vegetable supply chain startup supported by Flipkart has raised $9 million from STIC and Mainstream Digital.

• The funds will be used to scale Flipkart's 90-minute online grocery business to 200 cities by the year-end and expand its grocery offering Supermart.
• Ninjacart last received a $145 million investment from Flipkart before this new funding round.
• The startup procures fresh fruits and vegetables directly from farmers and supplies retailers, restaurants, hotels, and apartment complexes.
• Ninjacart set aside $25 million to invest in other agritech startups in March 2022.