Fresh produce supply chain startup Ninjacart announced that it has received a fresh round of investment from Walmart and Flipkart. The e commerce giants had earlier invested an undisclosed amount in Ninjacart in December 2019.

The fresh round of funding is indicative of Walmart and Flipkart Group’s continued commitment to invest in India’s agriculture & food supply chain. In a statement, the company said that the follow-on investment further validates Ninjacart’s strong execution capabilities and its ability to innovate in the challenging fresh food supply chain space.

Ninjacart intends to utilize the fresh capital to expand to new markets, build new offerings and supply chains for emerging customer segments, while continuing to innovate on the supply chain to make it more efficient, reliable, and profitable.

Founded in 2015 by Thirukumaran Nagarajan, Vasudevan Chinnathambi, Ashutosh Vikram, Kartheeswaran KK and Sharath Babu Loganathan, Ninjacart directly connects food producers with retailers, restaurants, and service providers using in-house applications that drive end to end operations. The company also counts Tiger Global, Accel, Tanglin, Steadview, Syngenta, Nandan Nilekani and Qualcomm as its other primary investors.

In a statement Thirukumaran Nagarajan, CEO & Co-founder of Ninjacart said, “The fresh set of investments from Walmart and the Flipkart Group takes us one step closer to our vision of making food safe and accessible for the billion people and changing the way food reaches our plate.

We are excited to have Walmart and the Flipkart Group show confidence in our capabilities around growth and profitability. We will continue to invest in areas that impact the lives of Customers and Farmers positively.”