Fresh produce startup Ninjacart raises funds from Walmart, Flipkart
The investment will also help Ninjacart grow its customer base and reach new cities
The deal is expected to close by the end of 2019
India’s largest online retailer Flipkart and global retail major Walmart Inc. have jointly invested an undisclosed amount in Bengaluru-based fresh produce startup Ninjacart. Walmart, which also owns Flipkart, said the move will ensure the Indian farmer gets more economic opportunities, while retailers and consumers get better access to high-quality fresh produce.