Agritech company Ninjacart has secured $6 million in a multi-tranche investment round led by existing investors Accel, Nandan Nilekani, and Tiger Global, with more existing investors expected to join, the company announced on July 2, 2026. Alongside the funding, Ninjacart revealed it has turned EBITDA-profitable and has begun preparations for a public listing over the next two years, according to a statement.
Funding Round and Profitability Milestone
The round was led by Accel, Nandan Nilekani, and Tiger Global, all existing backers. Ninjacart’s investor base also includes Walmart, Flipkart, Syngenta Group Ventures, and Steadview Capital. The company did not disclose the valuation or the exact breakdown of the tranches.
“In the last few years, profitability has been our biggest focus, while growing steadily,” said Kartheeswaran KK, Co-founder and CEO of Ninjacart, in a statement. He attributed the turnaround to improving margins through the right category and channel mix and “going backwards on the sourcing side.” He added that the firm “leveraged technology and data to minimise wastage and reduce supply chain costs.”
Technology-Driven Supply Chain Transformation
Ninjacart serves as a multichannel platform across quick commerce, modern trade, traditional retail, export-import, and the HoReCa (Hotels, Restaurants, Cafes) segment. With a footprint in over 40 cities, the company manages a portfolio of over 150 products, ranging from staples like onions, potatoes, and tomatoes to premium items such as blueberries, avocados, and apples.
The company reported threefold growth in its core businesses over the past year, driven by business transformation and channel expansion. Key operational improvements include use of data analytics for demand forecasting and supply-side ownership to reduce intermediaries. Ninjacart’s technology stack is designed to minimise wastage and lower supply chain costs, a critical factor for profitability in the perishables segment.
| Key Metric | Detail |
|---|---|
| Funding raised | $6 million (multi-tranche) |
| Lead investors | Accel, Nandan Nilekani, Tiger Global |
| Profitability | EBITDA-profitable |
| IPO timeline | Preparations over next two years |
| City footprint | Over 40 cities |
| Product range | Over 150 products |
| Core business growth | Threefold in last year |
Industry and Investor Perspective
Subrata Mitra, Partner at Accel, commented: “Ninjacart has quietly become one of the most important companies in the quick commerce space, being a multi-city strategic supplier for several of the biggies. Very few businesses have shown their kind of discipline, turning a hard, operations-intensive model into a profitable one. With supply-side ownership, capital discipline and margin focus. We’re excited to back the team again.”
The quote underscores the company’s strategic importance in the quick commerce ecosystem, where timely delivery and low waste margins are paramount. Ninjacart’s ability to aggregate supply and use data-driven logistics gives it an edge over traditional distributors.
Implications for Enterprise Supply Chain Leaders
For CTOs and supply chain technology managers, Ninjacart’s journey illustrates how technology and data can transform a traditionally fragmented, high-waste agri-supply chain. The company’s focus on category mix optimization and backward integration (sourcing directly from farms) mirrors trends in enterprise supply chain digitization. Its EBITDA profitability suggests that similar models could be viable in other perishable goods markets. The planned IPO will provide a benchmark for valuing agritech platforms that combine operational discipline with tech-enabled efficiency.
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