Each Friday the Global Corporate Venturing Deal Net rounds up the week’s smaller deals and tracks the emerging companies accessing corporate funds.
E-commerce marketplace Flipkart and its owner, retail group Walmart, have jointly invested an undisclosed amount in India-based online fresh produce retailer Ninjacart, LiveMint reported on Wednesday. Reports in August this year suggested Walmart could provide up to $50m for Ninjacart, though it is unclear whether it did so. The company had previously raised approximately $148m from investors including Qualcomm Ventures, NeoPlux and Syngenta Ventures, subsidiaries of mobile chipmaker Qualcomm, conglomerate Doosan and agribusiness Syngenta respectively.
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