Ninjacart, an Indian agritech platform, has announced a $25 million agro seed fund to promote developing and new-age agriculture entrepreneurs. Ninjacart has stated that it will make seed investments in companies, entrepreneurs, and digital innovators who propose unique and sustainable solutions in order to stimulate tech innovation in the field.
The fund will also be used to invest in teams with strong technical skills but no solution or idea. This funding infusion is intended to spur the development of innovative agricultural solutions around the world.
"As a firm, it has always been our desire to develop the global agriculture ecosystem, and we are excited to empower tomorrow's leaders," stated Thirukumaran Nagarajan, Co-founder and CEO of Ninjacart.
“It is our goal to help the next generation of entrepreneurs and small businesses thrive together, creating a future that is both sustainable and founded on a solid foundation of productive collaboration,"he added.
Ninjacart also stated that it intends to invest in cutting-edge technologies for its own operations.
About Ninjacart
Ninjacart, which was founded in 2015, raised $145 million from Flipkart and Walmart in December 2021, making it one of the largest agritech deals in India.
Bengaluru, Chennai, Hyderabad, Pune, Delhi, and Mumbai are among the cities where it operates.
Fresh fruits and vegetables are procured directly from farmers and distributed to merchants, hotels, restaurants, and even residential complexes by the company.
Agritech Ecosystem
Agritech is a phrase that refers to a group of organizations and startups that use technological breakthroughs to develop goods or services that help farmers increase production, efficiency (both in terms of time and cost), and profitability across the agriculture value chain.
