New York-based investment powerhouse Tiger Global has invested Rs. 625 crore ($89.5 million) in agri-tech startup NinjaCart, a marketing and delivery platform for agricultural produce..Tiger Global has picked up a 26.5% stake, valuing the company at close to $320 million, reported ET..Khaitan & Co acted for NinjaCart and the team was led by Partner Arun Scaria along with Principal Associate Hardik Bhatia and Senior Associate Mrudul Dadhich..Gunderson Dettmer acted for Tiger Global..The Bengaluru-based 63Ideas Infolabs, which owns and operates Ninjacart, has issued 20,442 Series C compulsorily convertible preference shares at Rs 3,04,142.78 per share. It has also issued 100 equity shares having a face value of Rs 100..Bar & Bench is available on WhatsApp. For real-time updates on stories, click here to subscribe to our WhatsApp.
New York-based investment powerhouse Tiger Global has invested Rs. 625 crore ($89.5 million) in agri-tech startup NinjaCart, a marketing and delivery platform for agricultural produce..Tiger Global has picked up a 26.5% stake, valuing the company at close to $320 million, reported ET..Khaitan & Co acted for NinjaCart and the team was led by Partner Arun Scaria along with Principal Associate Hardik Bhatia and Senior Associate Mrudul Dadhich..Gunderson Dettmer acted for Tiger Global..The Bengaluru-based 63Ideas Infolabs, which owns and operates Ninjacart, has issued 20,442 Series C compulsorily convertible preference shares at Rs 3,04,142.78 per share. It has also issued 100 equity shares having a face value of Rs 100..Bar & Bench is available on WhatsApp. For real-time updates on stories, click here to subscribe to our WhatsApp.