NinjaCart, a marketing and delivery platform for agricultural produce, has raised $35 million (₹250 crore) in a Series B round led by Accel Partners (US) and Switzerland’s Syngeta Ventures..IndusLaw acted for Accel Partners and the team was led by Partner Pallavi Kanakagiri, along with Senior Associate Ashwin Krishnan and Associates Rahul Tiwari, Nishihi Shah and Kriti Gangwar..Bharucha & Partners acted for NinjaCart and the team included Senior Partner Alka Bharucha, Managing Associate Swathi Girimaji and Associate Karthik Koragal..New investors, including South Korean private equity firm Neoplux, founder of ZiGeXn Jo Hirao, Russian firm HR Capital and venture debt firm Trifecta Capital, also participated in the round. NinjaCart’s existing investors Accel India, Nandan Nilekani NRJN Trust, Misteltoe and Qualcomm Venture also contributed, reported Mint..NinjaCart, run by Bengaluru based 63Ideas Infolabs Pvt. Ltd, plans to utilize the capital to expand operations to 10 cities, open over 200 distribution centres and invest in a better supply chain infrastructure.
NinjaCart, a marketing and delivery platform for agricultural produce, has raised $35 million (₹250 crore) in a Series B round led by Accel Partners (US) and Switzerland’s Syngeta Ventures..IndusLaw acted for Accel Partners and the team was led by Partner Pallavi Kanakagiri, along with Senior Associate Ashwin Krishnan and Associates Rahul Tiwari, Nishihi Shah and Kriti Gangwar..Bharucha & Partners acted for NinjaCart and the team included Senior Partner Alka Bharucha, Managing Associate Swathi Girimaji and Associate Karthik Koragal..New investors, including South Korean private equity firm Neoplux, founder of ZiGeXn Jo Hirao, Russian firm HR Capital and venture debt firm Trifecta Capital, also participated in the round. NinjaCart’s existing investors Accel India, Nandan Nilekani NRJN Trust, Misteltoe and Qualcomm Venture also contributed, reported Mint..NinjaCart, run by Bengaluru based 63Ideas Infolabs Pvt. Ltd, plans to utilize the capital to expand operations to 10 cities, open over 200 distribution centres and invest in a better supply chain infrastructure.