Walmart, Flipkart invest in supply chain start-up Ninjacart

Walmart and Flipkart today announced a joint strategic investment in Ninjacart, the start-up that is seeking to disrupt India’s fresh produce market with its B2B supply chain infrastructure and technology solutions. The details of the investment remain undisclosed. The transaction is expected to close by end of 2019.

The investment in Ninjacart will help Walmart and Flipkart strengthen direct sourcing of fresh produce for Walmart India’s Best Price B2B cash-and-carry stores and Flipkart’s online grocery business – Supermart. The investment will also support Ninjacart to expand its customer base, reach new cities and gain exposure to global best practices to enhance the efficiency of the local fresh produce ecosystem.