Ninjacart
Agritech · B2B Fresh Produce Supply Chain
Awaiting a verified source quote. No third-party quote is on record for this company yet, so there is no indicative price to show — and we would rather leave it blank than print a number we cannot stand behind. Our team can confirm the current dealable level directly.
Indicative private-market reference — not an exchange quote. Not investment advice.
- Implied valuation
- Not available
- Revenue growth
- Not disclosed
- EBITDA margin
- Not disclosed
- Prospera Score
- Not yet scored
What the market says, and what we know.
Two separate things, deliberately shown side by side: a sourced private-market price reference, and the depth of research that actually stands behind this company today.
No third-party quote has been sourced for this company yet, so there is no market reference to show. Ask us to check the current level and we will come back with what the market is actually doing.
- Research Universe — availableCatalogued as a strategically relevant private-market company.
- Basic Research — availableBusiness and ownership facts verified against primary sources — 2 sourced records on file.
- Deep Research — not availableNot started. No financials, no implied valuation and no Prospera Score exist for this company.
- Prospera Recommendation — not availableNo Prospera view has been published. Presence in the universe is not a recommendation.
Indicative Private-Market Price History
Real, dated third-party observations only — plotted where they exist, never interpolated, extended or carried forward. This is a record of private-market sightings, not a live exchange chart.
Price history not available. No dated third-party quotes have been sourced for this company yet.
The business, in plain English.
Assembled only from records that exist for this company. Anything not disclosed says so.
- Founded
- 2015
- Headquarters
- Bengaluru, Karnataka
- Sector
- Agritech · B2B Fresh Produce Supply Chain
- Promoters
- Thirukumaran Nagarajan, Kartheeswaran KK, Sharath Loganathan, Vasudevan Chinnathambi
What it does
Ninjacart was founded in Bengaluru in 2015 by Thirukumaran Nagarajan and four co-founders, initially as a consumer-facing produce delivery app before pivoting to a B2B model. The company now operates a technology-driven supply chain that moves fresh fruits and vegetables from farmers directly to retailers, kirana stores and other businesses within hours, bypassing traditional multi-layered intermediary networks using data, AI and a network of collection centers and fulfillment hubs. It earns revenue through commissions and logistics service fees charged on produce volumes moved through its platform.
Source: YourStoryWhy it matters
Competes with WayCool Foods and DeHaat in technology-driven agricultural supply chains, and indirectly with large retailers' in-house sourcing operations such as Reliance Retail and BigBasket.
Source: Not attributedOwnership structure
No controlling family promoter; founder-led with institutional ownership including Tiger Global, Accel, Flipkart, Walmart, Syngenta Ventures, Qualcomm Ventures and Steadview Capital, among others, across ten funding rounds.
Promoters & principal holders: Thirukumaran Nagarajan, Kartheeswaran KK, Sharath Loganathan, Vasudevan Chinnathambi
Private-market context
Unlisted, venture-funded; company states it has begun preparing for a public listing within roughly two years
What to understand before investing
- Unlisted shares can be difficult to sell. There may be no continuous market and no guaranteed buyer at the price you see.
- Any price shown here is an indicative private-market reference, not an exchange quote and not an executable price.
- An expected IPO may be delayed, repriced or never happen at all.
- A good company can still be a poor investment at the wrong valuation.
Research is not yet complete for this company.
We would rather say that plainly than publish a page that looks finished.
No financials, no implied valuation and no peer comparison have been researched for this company yet.
No Prospera Private Market Score and no Prospera view exist. Being in our universe is not a recommendation, and we will not manufacture one to fill this space.
What you can rely on above is what has actually been verified: the company's identity and business facts, any sourced price observations on record, and any risks that have been documented. If you want us to prioritise deeper work here, ask — that is genuinely how the queue gets set.
What could go wrong.
Documented, per-company risks — grouped by the categories the research itself recorded. There is no risk score here, because we do not compute one.
Financial
1 recorded riskThe company's operating revenue has declined year-on-year even as it targets EBITDA profitability and an eventual IPO, reflecting the persistently thin-margin, high-volume economics of fresh produce logistics
Source: Business Standard reporting on Ninjacart financialsWhat's happened, and why it matters.
Dated, sourced events only — recorded as they were reported, in reverse order of significance to a private-market holder.
- Fundraising1 Jul 2026
Fresh funding tranche from Tiger Global, Accel and Nandan Nilekani
Company stated it has turned EBITDA-profitable and begun preparations for a public listing within two years, signaling an eventual IPO path
Source: BW Disrupt
Everything traceable.
Every figure on this page comes from one of the records below. Where a source published a link, it is here.
| Field | Source | As of |
|---|---|---|
| Business Description | YourStory | Not disclosed |
| Competitive Position | Not attributed | Not disclosed |
Interested in Ninjacart?
Every option below opens a conversation with a person at Prospera. Nothing here places, reserves or executes an order.
We will come back with the current dealable level, the available lot size and what the process actually involves. Indicative prices shown on this page are private-market references, not executable quotes.