After CEO Lee Fixel exit, Tiger Global takes first investment opportunity in Indian B2B startup Ninjacart.
America based venture capital invested $89.5 million in agritech startup Ninjacart as per the data shows in regulatory filings from registrar of companies (RoC).
NinjaCart which delivers and market agricultural produce given 26.5% stake to Tiger Global.
After this round of funding, Ninjacart valued close to $320 million.
This is the biggest one time investment by Tiger global in an Indian startup, previous large initial investments were Ola ($57.5 million), Delhivery ($43.6 million) and Hike ($43.2 million).
Founded in 2015 by Thirukumaran Nagarajan, Ashutosh Vikram, Kartheeswaran K.K., Sachin Jose and Sharath Loganathan, NinjaCart connects farmers to end retailers and also running a logistics network enabling swift pick-up and drop of farm produce.
Ninjacart currently operates from Bengaluru, Hyderabad and Chennai.