Qualcomm, Syngenta and Doosan-backed fresh fruit and vegetables supply chain operator Ninjacart has raised $89.5m from Tiger Global Management.
Hedge fund manager Tiger Global Management has paid Rs 6.25bn ($89.5m) for a 26.5% stake in Ninjacart, an India-based fresh produce marketplace backed by several corporates, the Economic Times reported today.
Founded in 2015, Ninjacart operates an online platform that enables businesses such as restaurants or food retailers to buy fresh fruit and vegetables directly from farmers, instead of having to go through an intermediary.
The company is present in seven Indian cities and works with a network of some…
