Agtech company Ninjacart is expanding its  office in Bengaluru to support growth plan

Agri startup Ninjacart has announced a major expansion by opening its new office in Bengaluru with over 1,000 seats.  Walmart-backed Ninjacart, which has transformed from a technology-driven supply chain company to an agricultural marketplace, currently employs around 600 people in its Bengaluru office. Ninjacart, which connects farmers with traders, retailers, and exporters, has a presence in around 70 cities. It currently has a team of more than 1,300 professionals serving more than 20,000 merchants and approximately 2,000 retailers across the country.  

 Rapid growth

    Ninjacart said its strategic expansion is a direct result of its rapid growth, driven by a target to cross ₹ 4,000 gross merchandise value (GMV) by 2024, up from ₹ 1,600 last year. In addition, the company’s evolving business model now includes new industries, including commerce and fintech, in addition to its core business, the company said in a statement.     Kartheeswaran K K, CEO and co-founder of Ninjacart, said “As we develop our business into new areas of commerce and fintech, this office space will become a hub for creativity and innovation. In an era of downsizing, we are taking the opportunity to grow, increase the size of our team, and improve our ability to significantly impact the entire agricultural value chain”. By 2025, Ninjacart plans to expand to 250 cities across the country and reach around 30 million farmers by 2030. Ninjacart has so far raised $377 million from investors including Walmart, Flipkart, Tiger Global, Accel, Syngenta Group Ventures, and Nandan Nilekani.

Leave a Reply

Your email address will not be published. Required fields are marked *